Bajaj Finance Ltd (500034.BO)

Close: 5 793.30 (+16.85), May 23, 2022
Negative

Medium risk

Automatic technical analysis. Medium term, May 23, 2022

Bajaj Finance Ltd has broken the falling trend channel down in the medium long term. This signals an even stronger falling rate, but the negative development may result in corrections up in the short term. The stock is approacing resistance at 6100 rupee, which may give a negative reaction. However, a break upwards through 6100 rupee will be a positive signal. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Bajaj Finance Ltd. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The stock is overall assessed as technically negative for the medium long term.

Recommendation one to six months: Negative (Score: -80)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.62%316.85+0.29%
5 days1.315.66%432.96+2.61%
22 days-36.1315.94%627.05-17.62%
66 days-31.6129.41%501.70-17.32%

More analyses of Bajaj Finance Ltd

chart Bajaj Finance Ltd (500034) Candlesticks 22 Days
Candlesticks
chart Bajaj Finance Ltd (500034) Short term
Short term: Weak Negative
chart Bajaj Finance Ltd (500034) Medium term
Medium term: Negative
chart Bajaj Finance Ltd (500034) Long term
Long term: Weak Positive
 


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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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