"Bajaj Holdings: Ready for Breakout Above ₹14,800?"

📊 Technical Analysis 1️⃣ Strong Uptrend: The stock has been in a steady uptrend since mid-2023, riding above moving averages. Higher highs & higher lows confirm the strength. 2️⃣ Current Structure: Price is consolidating in a rectangle range between ₹13,700 – ₹14,800. This type of sideways consolidation after an uptrend is called a bullish continuation pattern. 3️⃣ Moving Averages & Volume: Price is comfortably above the 20W EMA & 200W EMA → trend is intact. Recent volume spikes show accumulation at support levels. 4️⃣ Key Levels: Breakout confirmation: Above ₹14,800 with volume. Upside targets: ₹15,500 → ₹16,200 → ₹17,500. Support zone: ₹13,700, followed by ₹11,500 (200W EMA). 📈 Learning Takeaway A consolidation near all-time highs is generally a bullish sign, showing that buyers are holding their positions. Breakouts from such ranges often lead to sharp rallies.