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Stock analysis Bajaj Finance Limited BAJFINANCE

More indepth analysis on MunafaSutra.com

Moving Averages for Bajaj Finance Limited

  • 5Day Average: 7021.08
  • 12Day Average: 7077.52
  • 20Day Average: 7137.97
  • 50Day Average: 6823.74
  • 100Day Average: 7026.98
  • 150Day Average: 7210.83
  • 200Day Average: 7234.47

BAJFINANCE Indicators & signals

Indicator MACD (12,26,9)

7045.18, 7013.6, 82.94
Indicator MACD is in positive zone

Indicator ADX (14)

7.58, 25.71, 29.93
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 45
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BAJFINANCE Bajaj Finance Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 6923.55 6821.95 to 6975.00 1.42% 1.12 times
29 Mon Apr 2024 6826.60 6713.05 to 6839.60 1.42% 1.04 times
26 Fri Apr 2024 6731.20 6691.50 to 7000.00 -7.73% 3.61 times
25 Thu Apr 2024 7294.90 7125.10 to 7364.85 -0.47% 0.73 times
24 Wed Apr 2024 7329.15 7250.00 to 7419.45 0.95% 0.55 times
23 Tue Apr 2024 7259.90 7236.80 to 7339.90 -0.44% 0.67 times
22 Mon Apr 2024 7292.20 7167.30 to 7306.00 2.43% 0.72 times
19 Fri Apr 2024 7119.50 6810.05 to 7150.00 3.28% 0.76 times
18 Thu Apr 2024 6893.20 6866.00 to 6995.00 -0.88% 0.86 times
16 Tue Apr 2024 6954.25 6931.00 to 7034.30 -1.72% 0.6 times
15 Mon Apr 2024 7076.25 7063.45 to 7198.80 -2.12% 0.47 times
12 Fri Apr 2024 7229.55 7156.30 to 7264.00 -0.01% 0.68 times

Technical analysis forecast for Bajaj Finance Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bajaj Finance Limited BAJFINANCE at this time. Stock is falling and might fall more.

It appears as if Bajaj Finance Limited BAJFINANCE gave a large move recently.

Stock of Bajaj Finance Limited (BAJFINANCE) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Bajaj Finance Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6863.2 as stoploss in an intra day buy trade for a target of 7036.01. However, stock will show a bearish move below 6863.2.

More indepth analysis on MunafaSutra.com