“Bajaj Consumer – Breakout or Rejection Ahead? 🚀❌”

📊 Technical Breakdown 1️⃣ Structure: Stock has rallied strongly from ₹190 → ₹250 in July. Currently hovering near ₹247–₹250, which acted as strong resistance earlier. Today closed at ₹241.25 (+1.19%). 2️⃣ Bullish Scenario: A breakout above ₹250 with strong volume can open the gates for ₹270 → ₹285. Fresh momentum will likely come only after a decisive daily close > ₹250. 3️⃣ Bearish Scenario: If it fails again near ₹250, stock may retrace towards ₹225–₹220 support zone. Below that, weakness can extend to ₹200. 4️⃣ Volume Action: Volumes have dried up compared to July’s rally. Breakouts with low volume often fail → hence, confirmation needed. 🚦 Learning Angle for Post “Horizontal resistance zones act as a ceiling. Only a high-volume breakout above such levels confirms strength.”