Bajaj Finance – Technical Analysis, Support and Resistance

The stock

is showing a short-term bearish/corrective structure on the weekly chart. After making a high near ₹1175 the stock has formed lower highs and is currently trading around ₹948.30. The recent fall has brought price below the ₹1000 zone indicating weakness in momentum. Current technical data also shows price below major moving averages, with RSI in the weak zone. Support & Resistance: Immediate support is around ₹930–940. If this zone breaks and sustains the next support can come near ₹900–920 followed by ₹870–880. On the upside, ₹975–1000 is the first resistance zone. Above ₹1000 the next important resistance is around ₹1020–1040 followed by ₹1080–1100. Short-Term Buyers & Holders View: For short-term buyers, ₹930–940 is an important zone to monitor for stabilization. A sustained move above ₹1,000 with strong volume would improve the short-term structure and can indicate recovery. Until then, the lower-high pattern remains active. A breakdown below ₹930 can increase downside pressure toward ₹900–920.