Bajaj Finance (BajFin) Could Be Your Next Winning Trade

9월 16일

Bajaj Finance (BajFin) Stock Analysis
Current Price: ₹7345.75
Target: ₹8500+
Entry Range: ₹7000 - ₹7200
Stop Loss: ₹6800.

Technical Overview:
Bajaj Finance has shown strong bullish momentum, currently trading around ₹7345. The stock is in a strong uptrend supported by various technical indicators:

Moving Averages: The stock has comfortably crossed above its 50-day and 200-day moving averages, which signals a positive long-term trend.

Support Levels: The price is well-supported between ₹7000 and ₹7200, a critical range for buyers looking for an optimal entry.

Resistance: Immediate resistance is around ₹8100, followed by the target of ₹8500+.

Stop Loss: A prudent stop loss is set at ₹6800, below the last significant support zone, ensuring risk management for traders.

Why Bajaj Finance?
Positive Market Sentiment: Bajaj Finance is a leader in the NBFC sector with a strong track record. It continues to benefit from positive market sentiment, driven by its consistent growth in loan disbursement and healthy financials.

Momentum: The stock has seen a steady rally in recent days, indicating that bulls are in control. The momentum could drive the price toward the ₹8500 target in the short term.