Bajaj Finance – Breakout From Falling Wedge Signals Fresh Upside

has confirmed a strong technical breakout on the daily chart, moving above a downward sloping trendline formed during the recent corrective phase. The structure resembles a classical falling wedge pattern, which typically signals exhaustion of selling pressure and the beginning of a fresh bullish leg. The breakout is supported by strong price acceptance above the consolidation zone, indicating a clear shift in momentum from sellers to buyers. The stock is now trading above its short-term and medium-term moving averages, while remaining firmly above the 200-day average, reinforcing the long-term bullish structure. Short-term averages have turned upward, confirming momentum revival and improving trend alignment. Price expansion toward the upper volatility band reflects strength and increasing participation rather than exhaustion. Momentum oscillator (RSI 14) is trending above the 60 zone without bearish divergence, indicating sustained buying pressure. Additionally, price is sustaining above key CPR levels and trading above VWAP, suggesting buyers are in control of intraday positioning. Volume expansion during the breakout further validates accumulation and improves the probability of follow-through. Trade Setup Bias: Bullish Stop Loss: 960 Target 1: 1100 Target 2: 1145 As long as the stock sustains above the breakout zone and holds above its moving averages, the structure favors continuation toward 1100 and potentially 1145. A close below 960 would invalidate the breakout thesis. Overall, Bajaj Finance appears to have transitioned from correction to a fresh impulsive uptrend supported by pattern breakout, momentum strength, and volume confirmation.