After a multi-month sideways consolidation from April to September 2025, Bajaj Finance has signaled a potential resumption of its primary uptrend. This recent price action mirrors a similar pattern seen from October 2021 to January 2025, which was followed by a powerful rally to new all-time highs.
## Recent Bullish Developments 📈
Pattern Breakout: The stock decisively broke out of its recent sideways range last week, surging +7% on strong volume & a new ATH. This move indicates a shift from balance to imbalance, with buyers taking firm control.
Sustained Momentum: The buying pressure has continued, resulting in a rally of over 14% in the past two weeks.
Technical Confirmation: The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, a classic bullish indicator that supports the case for continued upward momentum.
## Outlook and Key Levels
The breakout suggests that the stock is poised to challenge its previous highs.
Upside Potential: If the current momentum is sustained, the next logical price target in the near term is the ₹1,077 level.
Downside Risk: Should the breakout fail and momentum wane, the stock could pull back to test the support zone around ₹849.
The key factor to watch is trading volume. While the initial breakout volume was good, sustained buying interest is needed to fuel the next leg of the rally.
## Recent Bullish Developments 📈
Pattern Breakout: The stock decisively broke out of its recent sideways range last week, surging +7% on strong volume & a new ATH. This move indicates a shift from balance to imbalance, with buyers taking firm control.
Sustained Momentum: The buying pressure has continued, resulting in a rally of over 14% in the past two weeks.
Technical Confirmation: The short-term Exponential Moving Averages (EMAs) are in a Positive Crossover (PCO) state, a classic bullish indicator that supports the case for continued upward momentum.
## Outlook and Key Levels
The breakout suggests that the stock is poised to challenge its previous highs.
Upside Potential: If the current momentum is sustained, the next logical price target in the near term is the ₹1,077 level.
Downside Risk: Should the breakout fail and momentum wane, the stock could pull back to test the support zone around ₹849.
The key factor to watch is trading volume. While the initial breakout volume was good, sustained buying interest is needed to fuel the next leg of the rally.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.