🔥 Bajaj Finance: Bullish Breakout Signals Trend Resumption

is showing a strong bullish recovery setup on the daily chart after a healthy pullback from its recent swing high. The price has broken above the falling trendline resistance, signaling a potential shift in short-term momentum and possible trend resumption. The breakout is supported by a strong bullish candle near the resistance zone, indicating fresh buying interest. This suggests the recent decline was likely a corrective move within a broader uptrend rather than a structural reversal. From a moving average perspective, the stock has reclaimed the 20 EMA and is trading above the 50 EMA. Both short-term averages are turning upward, reflecting strengthening momentum. Importantly, the price continues to hold above the 100 EMA and remains well above the 200 EMA, confirming that the broader long-term trend structure stays bullish. The formation of a higher low near key moving averages adds confidence to the recovery. Such trendline breakouts, especially after consolidation, often lead to follow-through moves if supported by sustained volume. Key levels to watch: Sustained close above the breakout zone Holding above the 20 EMA on minor pullbacks Volume expansion in upcoming sessions If the breakout sustains, the stock could attempt a move toward previous swing highs. However, failure to hold the breakout level may lead to a retest of the 50 EMA region. Overall, the structure indicates improving momentum within a broader bullish framework, with price action suggesting accumulation after correction