BAJAJHFL - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.3

Here’s a detailed technical analysis of BAJAJHFL (Bajaj Housing Finance Ltd)

📊 Trend Overview

Current Trend: Sideways to mildly bearish

Status: The stock is currently consolidating, with price action hovering around the 50-DMA and MACD showing weakness.

📈 Moving Averages

DMA 50: ₹115

DMA 200: ₹123

Current Price: ₹115

🔹 Price is exactly at the 50-DMA and below the 200-DMA, indicating short-term indecision and medium-term weakness. A close above ₹123 would be needed to confirm trend reversal.

📉 Momentum Indicators

RSI (14-day): 55.1 — Neutral zone, no strong overbought/oversold signal.

MACD: -0.07 — Slightly bearish crossover, suggesting weak momentum.

Volume: 40.1 lakh vs 1-week avg of 63.9 lakh — Below average, indicating lack of conviction.

📊 Bollinger Bands

Price is near the middle band, suggesting low volatility and lack of directional bias.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 110 Minor support, recent bounce zone

Support 2 103 52-week low, strong base

Resistance 1 123 200-DMA, key breakout level

Resistance 2 135 Previous swing high

Resistance 3 150 Medium-term target if trend reversal confirms

🎯 Entry & Exit Zones

Optimal Entry: ₹110–₹115 range on pullback with volume confirmation.

Exit Zone: ₹123–₹135 for short-term traders; ₹150+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD flat, RSI neutral, and volume below average suggest limited upside unless momentum improves.

Price action near 50-DMA could lead to a bounce, but confirmation is needed from volume and MACD reversal.

🧭 Summary

Trend: Consolidating with mild bearish undertone

Momentum: Weak; MACD and volume indicate caution

Technical Rating: 3.3 — Neutral setup with potential if price reclaims 200-DMA

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