# 2 Stock Recommendations for Monday: CDSL Technically supported stock picks and market direction. - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-12 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/c18de808-0585-4373-b221-f4e3b1bc0574 ## Market Overview Markets witnessed a strong rebound on Friday, supported by global cues and positive earnings from the IT sector. However, geopolitical developments and global market performance could influence market direction in the upcoming sessions. ## CDSL Stock Recommendation CDSL is recommended for purchase in the range of 1,432-1,435 INR, with a stop-loss at 1,360 INR and a target of 1,575 INR. The stock has confirmed a strong breakout above a key resistance level, indicating fresh buying interest with volume expansion. ## CDSL Technical Indicators CDSL is trading above short-term EMAs, and the RSI has moved into the bullish zone. These technical indicators support the stock's continued upward momentum toward the target. ## Sumitomo Chemical Stock Recommendation Sumitomo Chemical India is recommended for purchase in the range of 514-517 INR, with a stop-loss at 480 INR and a target of 585 INR. The stock has confirmed a decisive breakout above a key resistance level, signaling fresh buying interest with strong volume participation. ## Sumitomo Chemical Technical Indicators Sumitomo Chemical is trading above short-term EMAs, and the RSI remains firmly in the bullish zone. These technical indicators support the stock's sustained upward momentum toward the target. ## Conclusion and Disclaimer Both stocks offer strong upside potential supported by technical indicators. However, investors should consider geopolitical risks and global market conditions. Expert recommendations are personal opinions and should not be taken as definitive investment advice. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/market-trading-guide-cdsl-among-2-stock-recommendations-for-monday/articleshow/132344315.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._