Daily Chart Analysis on

BAJAJCON

Technical Analysis (Daily Chart) Trend & Price Action: The stock has shown strong momentum in recent months, with a sharp rally in June followed by consolidation. Currently trading near ₹228.45, it is holding well above medium-term averages, indicating underlying strength. Moving Averages: 55-Days EMA at ~₹220 has been respected strongly in the last 2 sessions, confirming it as a crucial support. 14-Days EMA near ₹230 is acting as an immediate hurdle; sustaining above this may trigger further upside. Stock continues to trade above 200-Days EMA, keeping long-term trend positive. Support & Resistance Levels: Immediate Support: ₹220 (55-DMA & psychological support). Key Resistance: ₹230 (near-term hurdle) followed by ₹245–250 zone. Indicators: RSI (14) 49 → Neutral, suggesting consolidation before a move. MACD → Turning flat, early signs of reversal possible if momentum builds. Parabolic SAR → Signals short-term resistance but price stability near support may trigger bullishness. Technical View (Short-term): Last 2 days, the stock has been holding the ₹220 support & 55-DMA strongly. Any dip towards this zone can be considered for entry with stop loss at ₹220. On the upside, once the stock sustains above ₹230 & 14-DMA, it may head towards ₹245–250 levels.