Bajaj Finance has been in focus ever since it broke its long-term resistance zone of ₹870–₹880 on 12th September 2025. This breakout was significant because the stock had been struggling to cross this level for a long time. Once it crossed, the stock quickly rallied and touched a high of ₹1036 🚀.
But the story has taken an interesting turn in the last two weeks. Let’s break it down in detail:
✨ 1. Weekly Chart View (Bigger Picture)
A shooting star candle formed last week. This is a bearish reversal pattern that occurs when the price moves higher but closes near the lows, showing that sellers took control.
This week, once again, a second shooting star appeared, and what’s more important is that it closed lower than last week’s close.
This back-to-back formation is a strong sign that buyers are losing momentum and sellers are active at higher levels.
📅 2. Daily Chart View (Short-Term Action)
After the breakout above ₹870–₹880, the stock pulled back and is now retesting this breakout zone.
This level is crucial because:
It is a classic breakout-retest scenario.
The same zone also coincides with a trendline support, adding strength to this level.
If the price bounces from this zone, it will confirm the breakout as valid and can lead to another leg up.
📌 3. Key Levels to Watch
Strong Support: ₹870–₹880 (breakout + trendline support).
Upside Potential: If the stock holds above this zone, it can retest ₹1000+ levels in the short-to-medium term.
Downside Risk: If the stock decisively breaks below ₹870–₹880, then the structure weakens, and the stock can slip towards ₹900 or even lower.
⚖️ 4. Market Sentiment & Interpretation
Two weekly shooting stars show weakness and profit-booking at higher levels.
But since the stock is still above the breakout zone, bulls still have a chance to defend the trend.
The coming sessions are critical — holding above 870–880 means bulls are in control, but if broken, sellers will dominate.
👉 Summary
🔻 Weakness spotted: Two weekly shooting stars confirm selling pressure.
🛡️ Support zone (₹870–₹880): This is the line in the sand for bulls.
⚠️ If broken: A medium-term fall toward ₹900 (or lower) is likely.
🚀 If defended: The stock can bounce and resume its upward journey, possibly retesting ₹1000–₹1036.
But the story has taken an interesting turn in the last two weeks. Let’s break it down in detail:
✨ 1. Weekly Chart View (Bigger Picture)
A shooting star candle formed last week. This is a bearish reversal pattern that occurs when the price moves higher but closes near the lows, showing that sellers took control.
This week, once again, a second shooting star appeared, and what’s more important is that it closed lower than last week’s close.
This back-to-back formation is a strong sign that buyers are losing momentum and sellers are active at higher levels.
📅 2. Daily Chart View (Short-Term Action)
After the breakout above ₹870–₹880, the stock pulled back and is now retesting this breakout zone.
This level is crucial because:
It is a classic breakout-retest scenario.
The same zone also coincides with a trendline support, adding strength to this level.
If the price bounces from this zone, it will confirm the breakout as valid and can lead to another leg up.
📌 3. Key Levels to Watch
Strong Support: ₹870–₹880 (breakout + trendline support).
Upside Potential: If the stock holds above this zone, it can retest ₹1000+ levels in the short-to-medium term.
Downside Risk: If the stock decisively breaks below ₹870–₹880, then the structure weakens, and the stock can slip towards ₹900 or even lower.
⚖️ 4. Market Sentiment & Interpretation
Two weekly shooting stars show weakness and profit-booking at higher levels.
But since the stock is still above the breakout zone, bulls still have a chance to defend the trend.
The coming sessions are critical — holding above 870–880 means bulls are in control, but if broken, sellers will dominate.
👉 Summary
🔻 Weakness spotted: Two weekly shooting stars confirm selling pressure.
🛡️ Support zone (₹870–₹880): This is the line in the sand for bulls.
⚠️ If broken: A medium-term fall toward ₹900 (or lower) is likely.
🚀 If defended: The stock can bounce and resume its upward journey, possibly retesting ₹1000–₹1036.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.