Bajaj Auto CMP 2990 has been trading in an excellent up trend since Mar 2020. However, recently the stocks has broken the trend line and trading below it. Still not very far from the trend line. The stock might be entering into a consolidation phase. Volumes are quite low which indicates that so far breakdown has not happened.
Comment:
Stock is still trading below the trend line and has entered in a sideways trend Consolidating around 3000. View is neither bullish nor bearish right now. 2910 should act as support for fall.