On May 29, I highlighted ₹2,914 as a key breakout level and ₹3,263 as the next area of interest for
#CPPLUS
June 1 close: ₹3,126.
The breakout has played out so far, and the broader thesis remains intact.
The crowd wanted confirmation. The market rewarded conviction.
Now comes the harder part: avoiding FOMO.
RSI is in overheated territory, and parabolic moves rarely travel in a straight line forever. For now, I'm simply letting the trend play out.
Personally, I wouldn't be initiating a fresh position at these levels. I'd rather respect the risk and wait for the market to present a cleaner setup.
The next zone I'm watching is ₹3,245–₹3,265.
Just sharing my observations and process.
DYOR.
Not a recommendation.
#AdityaInfotech #CPPLUS #StockMarketIndia #PriceAction #Nifty