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Mayank Kumar

2 hours ago · SEBI Registration INH000015978

strong resistance from the rising trendline

BAJAJ-AUTO
Bajaj Auto is currently facing strong resistance from the rising trendline, which had previously acted as a support during the stock’s uptrend. After moving above the trendline, the stock failed to sustain the breakout and faced sharp selling pressure, indicating that the breakout lacked strength. The rejection from this trendline resistance suggests that sellers are active around the ₹11,700–₹12,000 zone, making this an important resistance area. Unless the stock regains this trendline with a sustained move above it, the failed breakout can continue to keep the short-term structure under pressure. chart is attached for your reference to understand the trendline, kindly go through it

#TechnicalViews
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