Bajaj Finance extends V-shaped recovery to Rs 1,087.8

Bajaj Finance Limited closed at Rs 1,087.8, with Rs 1,100 resistance, the Rs 1,177.60 record high and Rs 1,041 support in focus. Bajaj Finance Limited [ BAJFINANCE ] closed at Rs 1,087.8 on the NSE on Friday, 6 November 2026, up 1.66%. The stock has recovered most of a 23% correction in about eight sessions. The turn gathered pace on 5 November, when the 10-year bond yield fell 11 basis points, its biggest drop in seven months. Lower yields cut funding costs for lenders, and Bajaj Finance rose 5% to Rs 1,049.65 in early deals. The Rs 788.40 low of 23 March and the record high of Rs 1,177.60 on 3 August frame the larger uptrend. The October low sits well above March, so the higher-low structure is intact. Friday opened Rs 26 below the previous close, yet closed on its high, so buyers absorbed the gap. RSI at 71.91 is above 70 and volume of 9.05 million was lighter than the prior session, so a pause would be normal. A close above Rs 1,100 would open the way to Rs 1,177.60, 8.3% higher. A close below Rs 1,041 would weaken the recovery. Watch the Rs 1,100 zone, which capped price before. Stance: positive while Rs 1,041 holds. Disclosure: I do not hold any position in this stock. This is not a recommendation to buy or sell. Investments in securities markets are subject to market risks. Read all related documents carefully before investing.