NSDL 4 Hour View

Key Levels to Watch
Support Levels

₹1,150 — Analysts highlight this as a critical support. Post-Q1, NSDL dropped nearly 9% in two sessions, and ₹1,150 is seen as a potential line of defense. A break below may lead to sharper losses.

₹1,200–₹1,230 — Near the stock's current region (around ₹1,237), which can act as a short-term base due to recent consolidation and VWAP alignment.

Resistance Levels

₹1,425 — The recent all-time high reached after a strong post-IPO rally. Forms a clear resistance zone.

Technical Context & Market Sentiment

Recent Rally: NSDL surged ~78% from its ₹800 IPO price and ~62% from its ₹880 listing price, peaking near ₹1,425.

Profit Booking: The sharp decline post-Q1 earnings reflects investor caution and stretched valuations, reinforcing the significance of the ₹1,150 level.

How to Use These Levels on Your 4-Hour Chart

Draw horizontal lines at ₹1,150, ₹1,200–₹1,230, and ₹1,425.

Watch for price reaction:

Bounce off ₹1,150 could suggest buying interest or stabilization.

Break below ₹1,150 might signal deeper correction toward lower levels (use lower timeframes for entries).

Advances toward ₹1,425 could reignite bullish momentum if volume supports the move.

Combine with indicators:

Moving Averages (e.g., 20/50 EMA) — can offer dynamic support/resistance.

RSI/MACD — monitor for divergence or overbought/oversold conditions to time entries or exits.

Confirm before acting:

Look for candlestick signals (pin bars, engulfing patterns) around these zones.

Volume spikes on breakouts or bounces add conviction.