
Technical analysis of Bajaj Finance Limited (stock) with the Montbon Method — Elliott Waves, moving averages and a 0–100 score.
Bajaj Finance Limited is a deposit-taking non-banking financial company based in India, operating as a subsidiary of Bajaj Finserv Ltd. The company provides financing for consumer products, personal loans, home loans, vehicle and agricultural loans, as well as leasing and brokerage services. It also distributes life, health, and general insurance products.
Description generated automatically from public sources; it may be inaccurate or out of date.
Closing values for October 18, 2026, computed on the last 12 months of prices.
21 sessions
979.70
−2.28%
50 sessions
1,030.47
−7.10%
200 sessions
971.59
−1.47%
s2
950.63
Support
s1
966.37
Support
pivot
974.23
Pivot
r1
989.97
Resistance
r2
997.83
Resistance
In the October 18, 2026 session Bajaj Finance Limited closed lower at 957.35 , −2.52% versus the previous session.
The price sits below every moving average observed: −2.28% against the 21-session average, −7.10% against the 50 and −1.47% against the 200.
The 14-period RSI reads 41.6, in neutral territory.
MACD stands at -18.230 against a signal line at -21.116: the histogram is positive (+2.885).
ADX reads 19.7, indicating weak directionality.
Levels computed on the latest session place supports at 966.37 and 950.63 and resistances at 989.97 and 997.83 , around a pivot of 974.23.
The average daily range (ATR) is 25.961 , or 2.71% of price.
Turnover was 8.3M shares, 106% of the 20-session average.
Over the last twelve months the price ranged between 855.19 and 1,176.40 , and today stands −18.62% from the period high.
Measures computed on closing prices. They describe the past; they are not forecasts.
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Montbon analyses markets with Elliott Waves, multi-timeframe moving averages and a 0–100 score summarising the technical setup. It is an informational screening tool.
Elliott Waves
Wave counting to frame the price structure.
MTF moving averages
Moving averages across timeframes to read the trend.
0–100 score
A technical summary of the setup, updated daily.
How is Bajaj Finance Limited analysed technically?
Technical analysis of Bajaj Finance Limited is based on price charts and indicators such as moving averages, RSI and MACD, to observe trend, momentum and volatility across different time horizons.
Which timeframes are used for Bajaj Finance Limited?
The daily and weekly charts are typically used for medium-to-long-term trends, while intraday charts (for example 1-hour or 15-minute) are used for short-term movements.
What are Elliott Waves applied to Bajaj Finance Limited?
Elliott Wave theory describes price moves as sequences of impulsive and corrective waves; applied to Bajaj Finance Limited it helps frame the technical structure of the historical chart and is not a forecast.
Disclaimer. For informational purposes only; not financial advice or a recommendation. Montbon Analytics is not an authorised financial intermediary.
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