Bajaj Finserv Ltd (Daily Chart)

CMP: ~₹1,993 Structure: Bearish Range Breakdown Range: ₹1,990 – ₹2,080 🔍 Structure Analysis After a sharp fall toward ₹1,900, price bounced and formed a sideways consolidation box. Now we see: Multiple rejections near ₹2,060–₹2,080 Support around ₹1,990 Strong red candle breaking below support This confirms distribution + continuation pattern. 📉 Measured Move Range height ≈ ₹90 Breakdown projection: ₹1,990 – ₹90 ≈ 🎯 ₹1,900 Interestingly, that aligns with previous swing low zone. Your arrow toward ₹1,940 is a logical intermediate pause before ₹1,900 retest. ⚠️ Why This Is Bearish ❌ Lower highs inside range ❌ No strong breakout follow-through ❌ Breakdown candle closing near low ❌ Overall broader structure = lower highs + lower lows This is continuation of the primary downtrend. 📊 Key Levels Immediate Resistance: ₹2,020 Major Resistance: ₹2,060–₹2,080 Breakdown Level: ₹1,990 (now resistance if price stays below) Supports: ₹1,950 ₹1,900 (major demand zone) Invalidation: Daily close above ₹2,080 🧠 Relative Strength View Compared to: AU Small Finance Bank Limited → recently breaking down Bandhan Bank Limited → stronger structure ICICI Prudential Life Insurance Company Limited → constructive Bajaj Finserv is currently weaker within financials. 🎯 Trading Approach Aggressive: Short on pullback to ₹2,000–₹2,020. Conservative: Wait for follow-through below ₹1,980. Investors: ₹1,880–₹1,900 zone is major long-term structure support.