Bajaj Consumer Care Limited

🔹 Elliott Wave Interpretation Primary structure: Wave 1 (new cycle): 2020–2021 rally Wave 2: Deep complex correction (2021–2024) Current move likely early Wave 3 Measured range breakout projection on your chart: ➡ ~₹430–450 zone If this becomes extended Wave 3: ➡ ₹480–520 (retest of 2018 distribution) 🔹 Volume Behavior Monthly breakout candle shows: ✔ Wide range expansion ✔ Volume pickup ✔ Strong close near highs Breakouts without volume fail. This one has participation. 🔹 AVWAP Perspective If anchored from: 2018 peak 2021 intermediate high Price has now reclaimed both supply anchors. Multi-year AVWAP reclaim = supply exhaustion + institutional accumulation. 🔹 Key Levels Immediate Support: ₹285–300 (breakout base) Secondary Support: ₹240–250 (range midpoint) Structure Failure: Monthly close below ₹260 🔹 Strategic View (Investor Lens) This fits: ✔ Portfolio accumulation on dips ✔ Add on pullbacks to ₹300–320 ✔ 9–15 month holding horizon This is the kind of FMCG turnaround that moves slowly but steadily once supply clears.