Bajaj Consumer Care Limited – Weekly Breakout Retest with Trendline Support

Price has moved out of a long corrective phase and is now trading above a rising medium-term trendline Recent rally shows strong recovery from prior swing lows, reclaiming key price zones 🔎 Key Technical Observations Trend & Structure: Higher lows remain intact along the rising trendline, keeping the broader structure constructive Resistance Dynamics: Long-term declining resistance has been tested and crossed, followed by a retest-type consolidation Support Behavior: Rising trendline is acting as a demand zone, with price holding above it on pullbacks RSI Profile: RSI is in the bullish range, holding above 60, indicating improving momentum rather than exhaustion Momentum: No visible bearish divergence; momentum expansion aligns with price strength Volume: Recent up-move supported by visible volume expansion, validating the breakout attempt 🧩 Interpretation The chart reflects a recovery-led trend resumption rather than a short-term bounce As long as price respects the rising trendline and RSI sustains above the mid-zone, the structure remains favorable, with consolidation appearing healthy rather than weak 📢 Disclaimer: For educational and technical analysis purposes only; not investment advice. 👤 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)