Bajaj Auto: Testing Supply Zone
BAJAJ-AUTO is showing a strong recovery but is now approaching a critical "Selling Area" (Resistance).
The stock recovered well from the 8,850 demand ***** is currently hitting a major resistance at 9,200–9,250. This area has historically seen heavy selling. Unless it clears 9,300 convincingly, the risk of a minor pullback to 9,000 remains high.
Avoid fresh buying at current levels. Wait for a breakout above 9,300 or look for a reversal trade if it fails at the resistance.
This analysis does not constitute a recommendation to buy, sell, or hold any security. Investing in the stock market involves significant risk.
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