Bajaj Finance Share Price Technical Analysis

Bajaj Finance Limited has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The stock has broken a resistance level and given a positive signal for the long-term trading range. The stock has broken up through resistance at rupee 6500. This predicts a further rise. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.