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THREETREND RESEARCH

4th Sep · SEBI-Registered Analyst

BAJAJ-AUTO
Bajaj Auto Limited is showing a classic cup and handle formation on the weekly chart, a bullish continuation pattern that typically signals trend resumption. After a sharp rally that took the stock above ₹12,000, it corrected and consolidated into a rounded base, forming the "cup," followed by a smaller downward drift as the "handle." The recent breakout attempt above the handle resistance around ₹9,000–9,100 indicates buying interest returning. If the breakout sustains with higher volumes, the stock could potentially resume its uptrend with targets towards ₹10,500–11,500 in the medium term. However, failure to hold above ₹8,800 could delay the pattern confirmation and invite further consolidation.

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