Bajaj Housing Finance Ltd (NSE: BAJAJHFL) shows signs of a potential recovery after a prolonged downtrend. The stock gained 5%, bouncing off recent lows as investor sentiment improved following the Union Budget 2025 announcement.
Following a decrease to ₹100, the stock has risen back to ₹115.70, an encouraging indication for traders seeking a low point. Despite the brief upturn, Bajaj Housing Finance is still significantly below its high point, and the true challenge will be if it can maintain this momentum in the days ahead.
Why Is Bajaj Housing Finance Recovering?
- Budget Boost for NBFCs: The Indian government’s budget introduced growth-oriented measures for financial institutions, sparking optimism in the sector.
- Sector-Wide Rally: The broader financial services industry is recovering, helping Bajaj Housing Finance move higher alongside its peers.
- Technical Rebound: After a steep decline, traders are stepping in at lower prices, driving short-term upside.
Bajaj Housing Finance Ltd – Chart Analysis
- Support Levels: ₹115.00, ₹100.00, ₹90.50
- Resistance Levels: ₹128.40, ₹146.13, ₹159.70
- RSI: 46.75, recovering from oversold levels but still below the neutral 50 mark, indicating potential for further gains.
- MACD: Showing a bullish crossover, signaling momentum shift to the upside, though confirmation is needed.
- Trend: Short-term recovery, but long-term downtrend remains intact unless the stock breaks above key resistance at ₹128.40.
What’s Next?
For the stock to confirm a strong reversal, it needs to break above ₹128.40 with strong volume. If it fails to hold recent gains, another dip toward ₹100 is possible. While the short-term setup looks positive, long-term investors should watch for broader market trends and company-specific news before making big bets.
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