📉 Bajaj Finance – Breakdown from Lower Highs Structure (2H Chart)

🔍 1. Lower Highs + Downward Trendline (Bearish Pressure) The descending blue trendline shows: Every bounce is forming a lower high Sellers are active at increasingly lower levels Momentum is slowly shifting downward This is a bearish price compression pattern. 🔻 2. Breakdown of Key Horizontal Support The dashed blue support around ₹1,014–1,018 has been: Tested multiple times Acted as a base for small upmoves Now broken convincingly Price has closed below the support, confirming a breakdown. This aligns perfectly with the arrow you’ve drawn. 🧭 3. EMA Structure Turning Bearish 26 EMA crossing below 52 EMA Price trading below both short-term EMAs 125 EMA (long trend) still above price → downside room available This confirms short-term trend reversal downward. 🎯 4. Downside Targets Based on structure + last swing lows + confluence zones: Target 1 – ₹985 Nearest liquidity pocket. Minor halt zone. Target 2 – ₹960 Strong demand area earlier. Next clean support zone. Target 3 – ₹935 Extension target (If trendline breakdown accelerates) Your downward arrow is accurate. 📌 5. When will the trend reverse to bullish again? Only if price: Closes above ₹1,055 AND Breaks the descending trendline** Until then, trend stays bearish on 2H timeframe. ⭐ 6. Final View (Short-Term) Bias: Bearish Structure: Lower highs + support break Momentum: Weak Next level: ₹985 → ₹960