BAJFINANCE - Technical Analysis

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

Technical Rating: 3.6

Here’s a comprehensive technical analysis of Bajaj Finance (BAJFINANCE)

📉 Trend Overview

Current Price: ₹887 is below the 50-DMA (₹921) but above the 200-DMA (₹846), indicating short-term weakness but long-term strength.

Trend Status: The stock is consolidating after a strong uptrend, with signs of a potential pullback.

📊 Momentum Indicators

RSI (38.3): In the bearish zone, approaching oversold territory. A dip below 35 could trigger a bounce.

MACD (-3.44): Negative and below the signal line, confirming bearish momentum.

Volume: Current volume is below the 1-week average, suggesting low conviction in recent price moves.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹921 Resistance

200-DMA ₹846 Support

Price < 50-DMA Bearish

Price > 200-DMA Bullish

📌 Bollinger Bands

Price is near the lower band, indicating limited downside and potential for a technical bounce.

Bands are narrowing, suggesting low volatility and a possible breakout setup.

🔍 Support & Resistance Zones

Level Type

₹846–₹860 Strong Support (200-DMA zone)

₹921–₹940 Resistance Zone (50-DMA cluster)

₹979 52W High / Major Resistance

₹870 Intermediate Support

🎯 Entry & Exit Zones

Entry Zone: ₹860–₹875 (if RSI dips below 35 and volume spikes)

Exit Zone: ₹940–₹979 (near resistance and 52W high)

⚡ Short-Term Signals

Bearish crossover in MACD

Weak volume and RSI below 40

No bullish divergence yet

🧭 Summary

Technical Rating: 3.6

Trend: Consolidating with bearish undertone

Momentum: Weak but nearing oversold

Strategy: Wait for confirmation near ₹860–₹875 before entering. Target ₹940–₹979 for exit. Avoid aggressive buying until RSI improves and MACD flattens.

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