CA Omkar Bhutada - SEBI Reg IA16th Oct Β· SEBI-Registered AnalystCurrency Grow (CA & SEBI Reg IA Omkar Bhutada) Β· 16th OctFollowπ₯ Range Breakout with Strength in Bajaj Finance Ltd πBAJFINANCE π§© Technical Analysis Pattern Structure: Bajaj Finance has broken out of a 5-month consolidation range (βΉ850ββΉ1000) 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 βΉ850ββΉ880 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. πΌ 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.#WatchOutFor#TodayβsTradingSetup#StockInNews#FundamentalViews#TechnicalViews1,076 likesΒ·63 comments