Tight Range, Big Potential: Bajaj Auto Breakout Setup ExplainedBajaj Auto LimitedNSE:BAJAJ_AUTOBallaJiOn the weekly chart of Bajaj Auto Limited, price action has been quietly building up pressure over the past several months — and it’s now approaching a key inflection point. What stands out here is a clear volatility contraction pattern. Price has been moving within a tightening structure of lower highs and higher lows, forming HUNT volatility funnel. @TheCryptoSniper These phases don’t last forever — they usually resolve with a strong directional move. We’re now seeing price push into the ₹10,000 zone, which has acted as a strong resistance level multiple times in the past. A sustained move above this level could signal the start of an expansion phase. From a structure standpoint, there are a few constructive signals: Higher lows are forming, suggesting buyers are stepping in earlier Price is attempting to break both horizontal resistance and a descending trendline Momentum appears to be building after a long consolidation If the breakout holds, the chart opens up room toward higher levels (marked as T1, T2, T3 on the chart), with the possibility of a broader trend continuation. On the flip side, it’s important to stay objective — failed breakouts are common. A move back below the recent support zone (~₹9,650–₹9,350) would weaken the setup and could pull price back into the range. Why this matters: These compression setups often precede the most tradable moves — but only when price confirms. What I’m watching: Acceptance above ₹10,000 Follow-through with strong weekly closes Volume expansion on breakout If you found this idea useful or have a different view, feel free to share your thoughts below 👍 #BajajAuto #NSE #IndianStockMarket #StockMarketIndia #Breakout #ChartPatterns #InvestingIndia #EquityMarkets