**Bajaj Holdings & Investments Ltd. (NSE)**:
---
### **📊 Key Observations:**
1. **Current Price Action:**
- The stock is trading at **₹11,290.10**, slightly above a **key support level** at **₹11,035** (marked by the 44-day SMA).
- It recently retested this level and is showing signs of recovery.
2. **Support and Resistance Levels:**
- **Support Zone:** ₹11,035 (SMA) and ₹10,885.80. A breach below ₹10,885.80 could lead to a drop toward ₹10,176.90 or lower.
- **Resistance Zone:** ₹11,337.85 and ₹12,998.40. Breaking ₹11,337.85 could see bullish momentum, targeting the ₹12,998 zone.
3. **Trend:**
- The overall trend appears to be bullish, as seen from the higher highs and higher lows pattern since July 2024.
- The recent pullback could be a consolidation phase before another rally.
4. **Risk-Reward Setup:**
- **Target:** ₹12,998.40 (upper bound of the bullish move).
- **Stop-Loss:** ₹10,077.65, providing a risk-reward ratio favorable for bullish entries.
---
### **💡 Trading Strategy:**
1. **Bullish Case:**
- Entry above ₹11,300 for a move toward ₹12,998.40.
- Stop-Loss: ₹10,885.80.
2. **Bearish Case:**
- Short positions below ₹10,885.80 for a target of ₹10,176.90.
- Stop-Loss: ₹11,300.
---
### **📅 Key Notes:**
- The stock is currently consolidating near its support, offering a potential swing trade opportunity.
- Keep an eye on broader market trends or any sectoral news influencing Bajaj Holdings.
---
### **📊 Key Observations:**
1. **Current Price Action:**
- The stock is trading at **₹11,290.10**, slightly above a **key support level** at **₹11,035** (marked by the 44-day SMA).
- It recently retested this level and is showing signs of recovery.
2. **Support and Resistance Levels:**
- **Support Zone:** ₹11,035 (SMA) and ₹10,885.80. A breach below ₹10,885.80 could lead to a drop toward ₹10,176.90 or lower.
- **Resistance Zone:** ₹11,337.85 and ₹12,998.40. Breaking ₹11,337.85 could see bullish momentum, targeting the ₹12,998 zone.
3. **Trend:**
- The overall trend appears to be bullish, as seen from the higher highs and higher lows pattern since July 2024.
- The recent pullback could be a consolidation phase before another rally.
4. **Risk-Reward Setup:**
- **Target:** ₹12,998.40 (upper bound of the bullish move).
- **Stop-Loss:** ₹10,077.65, providing a risk-reward ratio favorable for bullish entries.
---
### **💡 Trading Strategy:**
1. **Bullish Case:**
- Entry above ₹11,300 for a move toward ₹12,998.40.
- Stop-Loss: ₹10,885.80.
2. **Bearish Case:**
- Short positions below ₹10,885.80 for a target of ₹10,176.90.
- Stop-Loss: ₹11,300.
---
### **📅 Key Notes:**
- The stock is currently consolidating near its support, offering a potential swing trade opportunity.
- Keep an eye on broader market trends or any sectoral news influencing Bajaj Holdings.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.