Bajaj Finance slips 5.41% for the week despite strong Q2

Bajaj Finance closed at Rs 928.95 on October 23, 2026, down 5.41% for the week, with Rs 985 to Rs 1,000 resistance and lower highs and lower lows in place. Bajaj Finance Limited [

] ended the week to October 23, 2026 at Rs 928.95, down 5.41% for the week. The Rs 985 to Rs 1,000 zone is the immediate resistance. Q2 numbers were strong. Profit rose 29% to Rs 6,367 crore and net bad loans fell to 0.42%. Even so, the stock fell 3.27% on October 21 as margin pressure drew attention. The chart shows lower highs and lower lows since the all-time high of Rs 1,176.40 in August. Each bounce has failed below the earlier peak, and each fall has gone below the earlier low. This is a downtrend structure. The stock is about 21% below its peak and under its 50-day and 200-day averages. The daily Relative Strength Index at 37.99 shows weak momentum, not yet oversold. What next: a close above Rs 1,000 may weaken the downtrend. If the Rs 985 to Rs 1,000 zone keeps capping price, the Rs 860 to Rs 787 support zone may come into focus. Conclusion: Strong results have not yet changed the chart. The overall stance stays cautious below Rs 1,000. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.