🧴 Bajaj Consumer Care Ltd. – Multi-Year Downtrend Nearing Structural Inflection Point

🔹 Price Action CMP: ₹264.10 (+10.36%) Bajaj Consumer Care has been in a long-term descending channel since 2015, consistently making lower highs and lower lows. However, the recent surge off ₹160–₹170 support has pushed price to test the upper trendline resistance, hinting at a potential major breakout attempt in progress. 🔹 Technical Observations Pattern: Multi-year descending channel with price now testing upper boundary resistance. Trend: Long-term downtrend weakening; price making higher lows since early 2023. RS Line: Turning positive — early sign of relative strength improvement versus benchmark. RSI: Sustaining above 60 with higher lows, showing consistent bullish momentum. Volume: Increasing participation near resistance — often precedes structural reversals. Moving Average (Blue Line): Price trading well above key average, reflecting momentum pickup after extended accumulation. 🔹 Key Levels Immediate Resistance: ₹270–₹280 (trendline + supply zone). Major Resistance: ₹310–₹320. Immediate Support: ₹230. Major Support: ₹200. 🔹 Strength & Risk ✅ Long-term trend compression — potential for a structural reversal. ✅ RSI and RS both rising, reinforcing underlying strength. ✅ Volume expansion supportive of institutional accumulation. ❌ Overhead resistance remains strong; confirmation needed above ₹280. ❌ Multi-year supply overhang could cause extended consolidation. 🔹 Outlook Bajaj Consumer Care’s multi-year descending structure is now approaching a critical breakout juncture. Momentum, volume, and relative strength all align to suggest early-stage structural turnaround potential, pending decisive follow-through beyond ₹280. 📢 Disclaimer: This is educational technical analysis, not investment advice. 🧑‍💼 Rajneesh Sharma – SEBI Registered Research Analyst (INH000020332)