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CA Omkar Bhutada - SEBI Reg IA

16th Oct Β· SEBI-Registered Analyst

πŸ’₯ Range Breakout with Strength in Bajaj Finance Ltd πŸš€

BAJFINANCE
🧩 Technical Analysis Pattern Structure: Bajaj Finance has broken out of a 5-month consolidation range (β‚Ή850–₹1000) with a strong bullish candle, confirming renewed momentum. EMA Alignment: The 26 EMA (red) has crossed and stayed above the 52 EMA (green) β€” a sign of trend continuation after long consolidation. AVWAP Support: The AVWAP from the range base near β‚Ή850–₹880 is providing dynamic support, confirming accumulation by strong hands before breakout. MACD View: Momentum indicators show bullish crossover with rising histogram, supporting a sustained upside move. Elliott Wave Structure: The range phase likely formed Wave 4 consolidation, and the breakout signals the start of Wave 5 expansion toward new highs. πŸ’Ό Fundamental Strength ROE & ROA: Among the best in the NBFC sector with stable margins and superior return ratios. Loan Growth: Consistent double-digit loan book growth with diversified portfolio. Asset Quality: Maintains low NPAs with robust risk management practices. Earnings Momentum: Continues to deliver strong quarterly performance with rising EPS and improving NIMs.

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