Bajaj Finance: Range Breakout with Fresh Momentum 🚀📊

After months of sideways consolidation, Bajaj Finance has broken out of its range with strong follow-through — a bullish signal backed by volume confirmation. 🔹 Technical Structure Range Breakout: Stock has consolidated between ₹860 – ₹980 for several months. Today, it decisively broke above the ₹980 resistance, closing above ₹1,000. Volume Confirmation: Breakout accompanied by a significant rise in volume (7.5M+), suggesting institutional buying. Elliott Wave Outlook: The sideways move appears to be a Wave 4 corrective phase, with today’s breakout hinting at the start of Wave 5 impulse. AVWAP Level: Anchored VWAP from the previous swing aligns around ₹960–₹980, which now acts as a strong support zone. MACD Divergence: Momentum indicators show a bullish crossover, supporting trend continuation. 🔹 Fundamental Strength High ROE & ROA: Bajaj Finance maintains strong return ratios due to its robust lending model. Consistent AUM Growth: Double-digit growth in assets under management, reflecting strong demand for consumer and SME credit. Digital Leadership: Aggressive digital initiatives continue to strengthen customer acquisition. Resilient Business Model: Despite regulatory challenges, the company consistently delivers superior profit growth and maintains strong asset quality. ✅ Conclusion Bajaj Finance has given a decisive breakout from its consolidation range, with ₹980 now as strong support. If sustained, the next upside target lies around ₹1,060 – ₹1,100 in the near term, supported by both technical breakout and strong fundamentals.