Bajaj auto

$BAJAJ-AUTO The daily chart of Bajaj Auto shows a strong trendline breakout, where the stock has decisively moved above a downward-sloping resistance line that had been capping prices since the May highs. After forming a series of lower highs, buyers regained control and pushed the stock through the trendline with a wide bullish candle, accompanied by strong momentum, indicating a potential end to the short-term corrective phase and the resumption of the primary uptrend. The breakout has also taken the price above the previous swing resistance near ₹11,000, reinforcing the bullish structure. As long as Bajaj Auto sustains above the breakout zone, the broken trendline is likely to act as a support on any pullback, while the sharp breakout suggests increasing buying interest and the possibility of fresh highs in the coming sessions. Traders should, however, watch for confirmation through sustained closing prices above the breakout level rather than relying solely on a single strong candle.