Levels to look for in Bajaj Auto

The stock might give a breakdown from the trend line.

Bajaj Auto is taking support at 500 day EMA with trend line.
We have another short term trend line acting as resistance for the time being.
If sustains below EMA we can see a good downfall.
500 EMA will become SL in that case.

Comment:

Gap up eliminates the idea of trade.
Setup Cancelled.