Bajaj Auto #Screener — Structure Compression Before the BreakoutBajaj Auto (NSE: BAJAJ-AUTO) is forming a clean structure compression between a long-term descending trendline (blue) and rising support trendline (purple).
The stock has created higher lows, showing buyer strength returning after a corrective phase.
This is a classic squeeze pattern where price coils before a directional move — something high-quality large caps often do before a trend continuation.
Key Structure Highlights
📌 Strong support base at ₹8550–8600
📌 Rising trendline support since Mar 2025
📌 Sellers defending the ₹9490 major supply zone
📌 Multiple failed breakdowns → indicates demand
📌 Compression between trendlines tightening
📌 Price still above 50 EMA on weekly (momentum intact)
Key Levels
Major Resistance:
₹9490 (big supply zone + trendline confluence)
Support Levels:
₹8850
₹8550 (structure support)
Below this, momentum weakens
As long as price maintains above ₹8550, structure stays bullish-to-neutral with potential for upside resolution.
View
Momentum bias stays positive above ₹8550.
A decisive close above ₹9490 may trigger a clean continuation move.
Technical Snapshot
✅ Large-cap quality stock
✅ Higher lows (structure strength)
✅ Price contraction = energy build-up
✅ Watching breakout above ₹9490 for trend continuation
✅ Good risk-defined setup for swings
This isn’t a random breakout play — it’s a large cap structural setup, where the next move usually sets a multi-week trend.
📒 Educational price structure analysis — not investment advice.
