BAJAJHFL - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 2.8

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

📉 Trend Overview

Current Price: ₹113 is below both 50-DMA (₹120) and 200-DMA (₹127) — a clear sign of downtrend.

RSI (28.0): Deep in the oversold zone, indicating weak momentum and potential for a technical bounce.

MACD (-1.96): Negative and diverging, confirming bearish momentum.

Volume: Slightly below average, suggesting low conviction selling.

📌 Conclusion: The stock is in a downtrend, possibly approaching a reversal zone if support holds and RSI rebounds.

📈 Chart Patterns & Indicators

Bollinger Bands: Price is hugging the lower band, reinforcing oversold conditions.

Candlestick Patterns: Recent long lower wicks suggest buying interest near ₹103–₹110.

Support Levels

₹103 (52-week low)

₹108.7 – ₹114.9 (Weekly S3–S1 zone)

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Resistance Levels

₹120 (50-DMA)

₹127 (200-DMA)

₹133.7 – ₹138.9 (Monthly R2–R3 zone)

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🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Buy Entry 103 – 110 Near 52-week low, oversold RSI

Target 1 120 – 122 50-DMA resistance zone

Target 2 127 – 133 200-DMA and monthly resistance

Stop Loss 98 Below key support and psychological level

🔍 Momentum Signals

Short-Term: Bearish, but oversold indicators hint at a technical rebound.

Medium-Term: Weak structure; needs breakout above 50-DMA to regain strength.

Long-Term: Fundamentals are mixed — high debt (4.11 D/E) and low EPS (₹2.72) weigh on sentiment despite decent profit growth.

🧭 Final Take

BAJAJHFL is trending down but nearing a potential reversal zone. Traders may consider accumulating near ₹103–₹110 with tight risk controls. A confirmed breakout above ₹120 with volume could signal trend reversal.

Want to explore how this compares with other housing finance stocks or dive into sector-wide sentiment next?

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