BAJAJ AUTO LTD – Trendline Breakout with Upside PotentialBAJAJ AUTO LTDNSE:BAJAJ_AUTOthetradeforecast BAJAJ_AUTO – Trendline Breakout (The setup offers a favorable risk-reward ratio, with potential for ~500+ points upside from the breakout zone.) Chart Type: Daily (1D) Current Price: ₹8,455 Structure: Falling wedge breakout with defined targets Falling Wedge Formation: The price has been consolidating within a falling wedge pattern, indicating a potential bullish reversal. Both upper and lower trendlines (labeled as "small down trend") have been respected multiple times, validating the structure. Breakout Confirmation: A breakout above the descending trendline has occurred, accompanied by a bullish candle closing above the immediate resistance zone around ₹8,407. This marks the breakout point and indicates a shift in momentum. Support Zone: Strong support has been established near ₹8,225.55, as marked on the chart. This level can serve as a stop-loss for bullish positions. ----- BUY: above 8410-8450 SUPPORT ( SL ) : 8220 RESISTANCE ( TGT) :8640-8780-9000+++