BAJAJ FINANCE - Ascending Triangle Breakout Analysis

### **Ascending Triangle Breakout Analysis – Bajaj Finance Ltd (Weekly Chart)**

#### **1️⃣ Pattern Overview**
- The stock has formed an **Ascending Triangle** with a horizontal resistance around **₹8,168 - ₹8,200** and rising support.
- A **strong breakout above resistance** has occurred with high momentum.

#### **2️⃣ Breakout Confirmation**
✅ **Bullish Scenario:**
- Price has **closed above the key resistance zone** of **₹8,168 - ₹8,200**, confirming a breakout.
- The breakout **target is ₹9,500 - ₹10,000**, calculated by adding the height of the triangle to the breakout level.
- Strong bullish momentum and volume confirm buying interest.

❌ **Bearish Scenario:**
- A **pullback to ₹8,168** is possible; if it holds as support, the breakout remains valid.
- If the price **falls below ₹7,800**, the breakout fails, and the stock could enter consolidation.

#### **3️⃣ Key Indicators to Watch**
📊 **Volume:** Increasing volume validates a strong breakout.
📉 **Retest of ₹8,168:** A successful retest strengthens the bullish case.
📈 **Momentum Indicators:** If RSI stays above 60, it supports continued upside.

#### **4️⃣ Trade Plan**
📌 **Entry:** Buy on dips near ₹8,168 (previous resistance, now support).
📌 **Stop Loss:** Below ₹7,800 to avoid fake breakouts.
📌 **Target:** ₹9,500 - ₹10,000 for a bullish move.

🚀 **Final View:** **Bajaj Finance has broken out of a multi-year resistance, signaling strong upside potential. A retest of ₹8,168 can provide a good buying opportunity for positional traders.**