As of January 28, 2025, Bajaj Finance Ltd. (BAJFINANCE) is trading at ₹7,504.85, reflecting a 2.90% increase from the previous close of ₹7,293.30.
Technical Indicators:
- Moving Averages: The stock is trading above its 50-day and 200-day moving averages, indicating a sustained bullish trend.
- Relative Strength Index (RSI): The RSI is currently at 65, suggesting the stock is approaching overbought territory.
- MACD: The MACD line remains above the signal line, reinforcing ongoing bullish momentum.
Support and Resistance Levels:
- Support: Immediate support is observed at ₹7,400.
- Resistance: The stock faces resistance at ₹7,550.
Volume Analysis:
Recent trading volumes have been higher than average, indicating strong investor interest.
Conclusion:
The technical indicators suggest a continued bullish outlook for Bajaj Finance Ltd. Investors should monitor the support and resistance levels and consider broader market conditions before making investment decisions.
