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Stock: Bajaj Finance (1D chart)
The chart shows a clear downtrend earlier, followed by a strong bounce from ~₹800–820 zone, which is acting as a major support base. Recently, price has recovered and is now consolidating around the ₹920–930 level, slightly above the moving average—this suggests short-term strength building but not a confirmed breakout yet.
Momentum looks neutral-to-positive. The stock is forming a higher low structure after the sharp fall, which is a good sign. However, it is still facing resistance near the previous supply zone around ₹960–1000.
Trade Plan (Short-Term):
- Entry: Above ₹940 (on breakout with volume)
- Target: ₹980 → ₹1000
- Stop Loss: ₹900
If price fails to hold ₹900, it may again test ₹850–820 support zone.
