Is bajaj auto moving towards new trajectory?

Above ₹11,000, Bajaj Auto appears to have entered a new price trajectory. The chart shows a decisive breakout from the earlier rising trendline structure, followed by a sharp upward move toward ₹11,700–₹11,800. The ₹11,000 level now becomes an important psychological and structural support zone. As long as the stock sustains above ₹11,000, the breakout structure remains positive, and the stock can potentially continue forming higher highs and higher lows in this new trajectory. The recent consolidation around ₹11,600–₹11,800 can be viewed as a short-term pause after the strong rally rather than a trend reversal. A sustained move above ₹11,800 could further strengthen the bullish momentum, while a decisive breakdown below ₹11,000 would indicate weakening of the new trajectory.