BAJFINANCE (Bajaj Finance) Technical Analysis | long-term descenRecommended Trading Levels :
Buying Level (Entry/Support): ₹960 - ₹975
This aligns with recent pivot supports, moving average clusters, and the area where the price has shown reaction/bounce potential in the chart. A strong buy can be considered on dips to this zone with confirmation (green candles or volume).
Weakness Level (Stop Loss / Breakdown): ₹940 - ₹950 (or below ₹960 decisively)
A close below this zone (especially with high volume) would indicate weakness and potential retest of lower supports (~₹900 or the major low near ₹788). This acts as a key invalidation level for bullish setups.
Target(s):
Short-term Target 1: ₹1,000 - ₹1,018
Short-term Target 2: ₹1,040 - ₹1,050
Extended Target: ₹1,080 - ₹1,100 (near previous high, if the descending trendline breaks convincingly)
Note: These levels are derived from the visual chart analysis combined with standard support/resistance data. Always combine with volume, overall market sentiment, and your risk tolerance. Not financial advice — trade responsibly.
Long