Weekly Chart Analysis of

BAJFINANCE

Bajaj Finance (BAJFIN) – Weekly Technical View On the weekly chart, Bajaj Finance is clearly trading in a strong bullish uptrend, forming higher highs and higher lows, which reflects sustained buying interest. The daily chart also confirms steady momentum, with the stock showing strength after a recent breakout above its consolidation zone, backed by healthy volumes. Technical indicators like RSI are in the positive zone, suggesting room for further upside, while moving averages (20 & 50 EMA) are acting as strong support on dips. In the short to medium term, the stock looks attractive for a buy-on-dips strategy, as any pullback towards support zones can provide fresh entry opportunities. On the upside, if the breakout sustains, the stock has potential to move towards ₹1,040–1,050 levels, while on the downside, support is placed near ₹950–970, which will act as a cushion in case of volatility. Short-Term & Long-Term View Short-Term (next few weeks to 1–2 months): Bajaj Finance has shown strong recent momentum. Price has broken resistance zones, which means buyers are active. Any dip (fall) toward support levels can be good entry points. If it stays above support, the stock could reach around ₹1,040–₹1,060 in the short term. Watch resistance zones near previous highs—profit booking may happen there, so stops/exit planning is important. Long-Term (3-12 months): Over the longer horizon, Bajaj Finance looks structurally strong. Growth in its loan book, stable profitability, and easing borrowing costs could help. If overall macro (economy, interest rates) stays favourable, there is potential for further gains beyond ₹1,100+. Dips should be seen as buying opportunities in long term. Key will be managing asset quality, cost of funds, and keeping leadership stable.