This is a very powerful chart of Bajaj Auto Limited

🔍 1️⃣ Structure Breakdown (Very Clear) Phase 1: Sideways Base ₹7800 – ₹9000 👉 Long consolidation Phase 2: Breakout Rally ₹9000 → ₹10,200 👉 Strong momentum (smart money entry) Phase 3: Current Zone (Your Box) ₹9000 – ₹10,200 👉 This is where the real story is 🧠 2️⃣ What This Box Actually Is Most people will say: 👉 “Consolidation after breakout = bullish” But look deeper 👇 👉 This is Distribution at Higher Levels ⚠️ 3️⃣ Warning Signs (Very Important) 🚩 1. Failed Follow-Through Breakout happened But price didn’t continue strongly 👉 Momentum dying 🚩 2. Sharp Rejections Near ₹10,000+ Multiple upper wicks 👉 Sellers active at top 🚩 3. Breakdown Attempt Started Price now coming back to ₹8800 zone 👉 Support getting tested 📉 4️⃣ Why This Is Dangerous This is a Bull Trap Setup What happens: Breakout → लोग excited लोग buy करते हैं ₹9500–₹10,000 Price वापस गिरता है Panic selling शुरू 👉 Result: Fast fall 🎯 5️⃣ Your Down Arrow (Correct Logic) If breakdown happens: Key Level: 👉 ₹8800 support Breakdown target: Previous base: ₹7800 Extension possible: ₹7500 👉 Your arrow toward ₹8000 is perfectly logical ✅ 📊 6️⃣ Trade Setup (Action Plan) 🔴 Aggressive Sell Near ₹9200–₹9500 rejection SL: Above ₹10,200 🔵 Safe Sell Daily close below ₹8800 Retest of ₹8800 🎯 Targets ₹8200 ₹7800 ₹7500 ⚖️ 7️⃣ When This View Will Fail Important 👇 👉 If price: Breaks ₹10,200 strongly Sustains above Then: 👉 This becomes trend continuation