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Market Trading Guide: Astra Microwave among 3 stock recommendations for Thursday

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In short

CDSL is currently trading at 1,407 after executing a decisive bullish breakout from an established support base between 1,170 and 1,200. Sachin Gupta of Choice Equity Broking noted that the move carried the stock through its entire moving average cluster. This breakout cleanly reclaimed the 20, 50, 100, and 200 exponential moving averages as active baseline supports. The evaluation forms part of a curated Thursday trading guide that also highlights Astra Microwave.

Key points

  • Reclaiming the full moving average cluster establishes dynamic baseline support levels fo…: Reclaiming the full moving average cluster establishes dynamic baseline support levels for CDSL moving forward.
  • Technical research from Choice Equity Broking highlights CDSL alongside Astra Microwave f…: Technical research from Choice Equity Broking highlights CDSL alongside Astra Microwave for Thursday trading opportunities.
  • Disclosures confirm the reporting analyst maintains no personal financial interest in the…: Disclosures confirm the reporting analyst maintains no personal financial interest in the recommended corporate entities.

Sources checked by our analysis pipeline: 1

CDSL staged a powerful bullish breakout thrust on the daily chart, currently trading at 1,407 after carving out a strong base along the 1,170–1,200 support pocket. The aggressive rally pushed price decisively through its entire moving average cluster, cleanly reclaiming the 20, 50, 100, and 200 EMAs to turn them into solid dynamic baseline support. Sachin Gupta, VP – Technical Research at Choice Equity Broking

Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage…

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