Bajaj Consumer Breaks Multi-Year Range — Fresh Wave (5) Expansion Begins 🧴📈

Elliott Wave Structure: Bajaj Consumer appears to have completed a prolonged Wave (4) corrective phase, marked by a wide multi-year range and repeated failed breakouts. The recent decisive move above the upper boundary confirms the initiation of Wave (5). Given the width of the base and prior impulse symmetry, the structure opens up upside potential toward the ₹420–450 zone, aligning with the projected measured move. MACD Momentum Insight: During the extended consolidation, price revisited similar lows while MACD consistently formed higher lows, indicating a strong bullish momentum divergence. The current breakout is accompanied by MACD expansion, confirming that momentum is now decisively supporting price. AVWAP Confirmation: Price has reclaimed and sustained above the AVWAP anchored from the prior major distribution zone (~₹285–290). This level had capped rallies for several years and is now flipping into a strong structural support, validating the breakout as institutional rather than speculative. Structure & Price Behavior: The breakout follows a long time-based accumulation, suggesting absorption of supply rather than exhaustion buying. Such multi-year range resolutions typically lead to powerful, sustained trending moves rather than shallow pullbacks. Fundamental Strength: Bajaj Consumer remains fundamentally strong, supported by: Asset-light business model with healthy ROCE Consistent profitability and strong cash generation Stable brand franchise with improving demand visibility