Trendline Breakout in Bajaj Auto: Buy Opportunity...?* Trend Overview:
* The stock has been in a downtrend over the past 2 months.
* Recently, it has broken the downward trendline and successfully retested the breakout, indicating a potential reversal.
* Current Price Action:
* Breakout above trendline confirms bullish momentum.
* The retest held above the trendline, adding further confidence for long positions.
* Support & Stop-Loss:
* Key support level identified at ₹8,250 – has acted as a demand zone in recent sessions.
* A stop-loss should be placed just below ₹8,250 to manage risk effectively.
* Target Levels:
* 🎯 Target 1: ₹8,490
* 🎯 Target 2: ₹8,755
* Important Note:
* ⚠️ Due to ongoing global geopolitical tensions, the overall market may remain volatile.
* Trade with proper risk management and position sizing.
