Trend Description:
Bajaj Finance is showing early signs of strength after completing a successful retest near ₹1,036 — the prior breakout zone. Price has bounced from this level with renewed buying interest, supported by bullish signals from EMA, RSI, and Parabolic SAR. However, MACD remains mildly negative, keeping momentum neutral in the short term.
Support and Resistance Levels:
Support: ₹1,036
Resistance: ₹1,103
Expected Move:
If price sustains above ₹1,036, it may retest ₹1,103 and possibly extend toward ₹1,120–₹1,150 levels in the short term. Breakdown below ₹1,036 can attract minor profit booking up to ₹971.
Short Fundamentals Summary:
A market leader in consumer lending with robust loan book growth, improving asset quality, and consistent profitability. Recent management guidance remains optimistic on AUM and customer acquisition growth.
Final Verdict:
Neutral to Bullish above ₹1,036 – early strength visible post-retest.