Bajaj Auto is now approaching a critical technical zone after a sharp rejection from the ₹12,000–₹12,500 region, where the chart formed a clear double-top structure.
The rejection from this zone has triggered a strong correction, bringing price back toward ₹9,400.
🎯 Why ₹9,400 matters
₹9,400 is important for two reasons:
1️⃣ Horizontal support
It has acted as an important price area during the recent structure.
2️⃣ Long-term rising trendline
The stock is also approaching a multi-year ascending trendline, which makes this zone significantly more important.
So we now have horizontal support + long-term trendline coming together.
🟢 Bullish scenario
If ₹9,400 holds and buyers step in with a clear reversal structure, this could potentially become an accumulation zone.
A recovery above ₹10,000–₹10,500 would be the first sign of strength, while the previous resistance zone around ₹12,000+ would become relevant again only after the structure improves.
🔴 Bearish scenario
If ₹9,400 is decisively broken on a weekly closing basis, the long-term trendline would come under serious pressure.
That would weaken the current bullish structure and could open the door to lower support zones.
🧠 Fundamental backdrop
Interestingly, the technical correction comes despite strong recent business performance. Bajaj Auto reported FY26 consolidated revenue of ₹62,905 crore, up 23%, and PAT of ₹10,744 crore, up 47%.
Its April–September 2026 sales were also up 24% YoY, driven particularly by exports, which increased 47%.
So the setup is interesting:
Strong business performance + double-top rejection + correction toward multi-year support.
For me, ₹9,400 is the level to watch very closely.
If buyers defend the trendline → potential accumulation setup.
If ₹9,400 breaks decisively → the structure changes.
The rejection from this zone has triggered a strong correction, bringing price back toward ₹9,400.
🎯 Why ₹9,400 matters
₹9,400 is important for two reasons:
1️⃣ Horizontal support
It has acted as an important price area during the recent structure.
2️⃣ Long-term rising trendline
The stock is also approaching a multi-year ascending trendline, which makes this zone significantly more important.
So we now have horizontal support + long-term trendline coming together.
🟢 Bullish scenario
If ₹9,400 holds and buyers step in with a clear reversal structure, this could potentially become an accumulation zone.
A recovery above ₹10,000–₹10,500 would be the first sign of strength, while the previous resistance zone around ₹12,000+ would become relevant again only after the structure improves.
🔴 Bearish scenario
If ₹9,400 is decisively broken on a weekly closing basis, the long-term trendline would come under serious pressure.
That would weaken the current bullish structure and could open the door to lower support zones.
🧠 Fundamental backdrop
Interestingly, the technical correction comes despite strong recent business performance. Bajaj Auto reported FY26 consolidated revenue of ₹62,905 crore, up 23%, and PAT of ₹10,744 crore, up 47%.
Its April–September 2026 sales were also up 24% YoY, driven particularly by exports, which increased 47%.
So the setup is interesting:
Strong business performance + double-top rejection + correction toward multi-year support.
For me, ₹9,400 is the level to watch very closely.
If buyers defend the trendline → potential accumulation setup.
If ₹9,400 breaks decisively → the structure changes.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.