📊 Bajaj Consumer Care Ltd. – Strong Breakout with RSI Overextension

🔍 Key Technical Observations: Breakout Confirmation: The stock has broken out above a long-term resistance trendline with a sharp move. Strong candle close above ₹203.10, signaling bullish momentum. Volume Spike: Significant volume surge during the breakout → institutional activity likely. Immediate Resistance: Price is now testing the ₹234–₹235 zone, which aligns with previous supply. RSI Overbought: RSI is currently at 82.73 → highly overbought territory. Suggests possibility of a near-term pullback or consolidation. Support Levels: ₹203.10 is the key breakout retest zone to watch. Holding above this can maintain the bullish bias. 👉 Key Takeaway: Strong breakout with volume, but the stock may cool off near ₹234–₹235 due to RSI overextension. Pullbacks toward ₹210–₹203 can offer potential entry zones. 📢 Disclaimer: This is for informational purposes only. Not a buy/sell recommendation. Positions may or may not be held. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully. 🔗 Investor Charter & SCORES complaint link available in bio.