Bajaj Finance Ltd — Retest Likely Before Fresh Breakout

🔍 Technical Picture Bajaj Finance recently staged a strong breakout above the ₹8,100–₹8,200 multi-year resistance zone — a key level tested multiple times since late 2021. Price is now trading near new lifetime highs but showing signs of exhaustion after a sharp rally. The structure suggests that a retest of the breakout zone (~₹8,200–₹8,500) is likely before the next leg higher. Weekly chart displays a clear ascending triangle breakout with good volume, but short-term RSI divergence and this week's red candle point to potential near-term profit booking. Historical patterns in Bajaj Finance often show pullbacks after breakouts, offering better risk-reward entries on retest zones. ⚖️ Outlook & Levels to Watch ✅ Bullish Bias as long as price sustains above the ₹8,100 breakout zone ✅ A retest towards ₹8,200–₹8,500 may provide better risk-reward entry opportunities ✅ Sustained move above recent highs will reinforce bullish momentum ⚠️ A breakdown below ₹8,100 would warrant a reassessment of the technical structure For investors and swing traders, patience is key — let the stock cool off and confirm support at the breakout zone before positioning for the next move. 📝 Summary Bajaj Finance has broken out of a 3-year consolidation and is now in the early phase of a new uptrend. However, short-term signals suggest a healthy retest is probable, offering an opportunity to enter at better risk-reward levels. Watching the ₹8,200–₹8,500 zone will be crucial in the coming weeks. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.