**Bajaj Holdings & Investments Ltd. (NSE)**:**Bajaj Holdings & Investments Ltd. (NSE)**:
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### **📊 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.
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### **💡 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.
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### **📅 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.
