BAJAJCON: Technical Pattern Analysis

This chart visualizes BAJAJCON’s price movement, highlighting a “Base Formation” and a breakout (BO) followed by significant upward momentum. Key technical annotations include:
• Base Formation: Extended consolidation before the breakout level.
• Breakout (BO): Aggressive upward surge post-breakout, confirmed by a “Heavy Candle” on high volume.
• Shelf Formation: Brief consolidation phase after the breakout for additional support.
• Pocket Pivot: Handle phase of the cup, often considered a bullish continuation signal.
• Multiple moving averages indicate potential support levels and confirm trend strength.
The chart highlights a classic bullish pattern setup in BAJAJCON, suggesting the possibility of continued upward movement if technical signals sustain