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CPPLUS
is showing a steady bullish trend with higher highs formation, and is now approaching a key breakout zone after a healthy consolidation.
Technical Structure
The stock is in a trend continuation phase after consolidation.
Key observations:
• Strong uptrend from ₹1,100 → ₹1,800 levels
• Recent sideways consolidation (₹1,600–1,750 zone)
• Price now attempting a breakout above recent highs
• Sustaining well above EMA (~₹1,690) → trend intact
• Stoch RSI turning up from mid-zone → momentum building
Key Levels to Watch
Immediate resistance: ₹1,820–1,850 zone
• Sustained breakout above ₹1,850 →
Target 1: ₹2,000
Target 2: ₹2,150+
Support levels:
• Immediate: ₹1,680–1,700 (EMA zone)
• Strong support: ₹1,580–1,600
Break below ₹1,580 → trend may weaken.#StockInNews#FundamentalViews#TechnicalViews#EquityResearch
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