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Rakesh Madhav CFA

25th Mar · SEBI-Registered Analyst

CP Plus (Aditya Infotech) – Strong Uptrend with Fresh Breakout Attempt (Daily)

$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.

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