Technical Trend Overview and Price Movement
The stock closed at ₹1,012.75 on 27 Feb 2026, down 0.78% from the previous close of ₹1,020.75. Intraday volatility saw a high of ₹1,031.00 and a low of ₹1,005.95. The 52-week price range remains broad, with a high of ₹1,102.45 and a low of ₹810.21, indicating significant price appreciation over the past year.
Technically, the overall trend has shifted from bullish to mildly bullish, signalling a tempering of upward momentum. This subtle change reflects a market digesting recent gains and possibly awaiting fresh catalysts.
MACD and Momentum Indicators
The Moving Average Convergence Divergence (MACD) indicator presents a mixed picture. On a weekly basis, the MACD is mildly bearish, suggesting some short-term selling pressure or consolidation. However, the monthly MACD remains bullish, indicating that the longer-term momentum is still intact and supportive of the stock’s upward trajectory.
This divergence between weekly and monthly MACD readings highlights a potential short-term pause or correction within a broader bullish framework.
Relative Strength Index (RSI) and Bollinger Bands
The RSI readings for both weekly and monthly periods currently show no definitive signal, hovering in neutral territory. This suggests that the stock is neither overbought nor oversold, providing room for directional movement without immediate risk of reversal due to extreme momentum.
Bollinger Bands on the weekly chart indicate a sideways trend, reinforcing the notion of consolidation in the near term. Conversely, the monthly Bollinger Bands remain bullish, implying that volatility is contained within an upward channel over the longer horizon.
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Moving Averages and KST Indicator
Daily moving averages remain bullish, signalling that the short-term trend is still positive despite recent price softness. This suggests that buyers continue to support the stock at key technical levels.
However, the Know Sure Thing (KST) indicator shows bearish momentum on the weekly chart, contrasting with a bullish reading on the monthly timeframe. This again points to short-term caution amid longer-term strength, a pattern that investors should monitor closely for potential entry or exit points.
Dow Theory and On-Balance Volume (OBV) Analysis
According to Dow Theory, the weekly trend is mildly bullish, while the monthly trend is mildly bearish. This conflicting signal underscores the current technical uncertainty, with the stock possibly at a crossroads between continuation and correction.
On-Balance Volume (OBV) data aligns with this view, showing mild bullishness on the weekly scale but mild bearishness monthly. This suggests that while recent volume supports price gains, the longer-term volume trend is less convincing, warranting caution.
Comparative Returns and Market Context
From a performance standpoint, Bajaj Finance Ltd has outperformed the Sensex across multiple timeframes. Over the past week, the stock declined marginally by 0.15%, outperforming the Sensex’s 0.30% fall. Over one month, the stock surged 9.15% compared to the Sensex’s modest 0.87% gain.
Year-to-date, Bajaj Finance has delivered a 2.65% return, contrasting with the Sensex’s 3.49% decline. Over one year, the stock’s 19.25% gain significantly outpaces the Sensex’s 10.25%. Longer-term returns are even more impressive, with a three-year return of 62.44% versus 38.32% for the Sensex, a five-year return of 93.34% against 67.51%, and a remarkable ten-year return of 1,645.34% compared to 255.22% for the benchmark.
Mojo Score Upgrade and Market Implications
Reflecting these positive fundamentals and technical nuances, MarketsMOJO upgraded Bajaj Finance Ltd’s Mojo Grade from 'Hold' to 'Buy' on 23 Feb 2026, with a strong Mojo Score of 72.0. The company holds a Market Cap Grade of 1, indicating its large-cap stature and market leadership within the NBFC sector.
This upgrade signals increased confidence among analysts and technical experts, suggesting that the stock is well-positioned for further gains, albeit with some short-term volatility expected.
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Investor Takeaway and Outlook
Investors should note the mixed technical signals that suggest a period of consolidation or mild correction in the short term, balanced by a robust long-term bullish trend. The daily moving averages and monthly MACD support continued upward momentum, while weekly indicators advise caution.
Given the stock’s strong relative performance against the Sensex and the recent Mojo Grade upgrade, Bajaj Finance Ltd remains an attractive proposition for investors with a medium to long-term horizon. However, traders should be mindful of the mildly bearish weekly momentum indicators and the sideways Bollinger Bands, which may indicate limited upside in the immediate term.
Overall, the stock’s technical profile reflects a mature phase of price discovery, where momentum is stabilising after significant gains. This environment favours disciplined entry points and close monitoring of key support levels near ₹1,000.
Summary of Key Technical Metrics:
- Current Price: ₹1,012.75
- 52-Week Range: ₹810.21 – ₹1,102.45
- MACD: Weekly Mildly Bearish, Monthly Bullish
- RSI: Neutral (Weekly & Monthly)
- Bollinger Bands: Weekly Sideways, Monthly Bullish
- Moving Averages: Daily Bullish
- KST: Weekly Bearish, Monthly Bullish
- Dow Theory: Weekly Mildly Bullish, Monthly Mildly Bearish
- OBV: Weekly Mildly Bullish, Monthly Mildly Bearish
- Mojo Score: 72.0 (Buy)
In conclusion, Bajaj Finance Ltd’s technical landscape is characterised by a blend of short-term caution and long-term optimism. Investors should weigh these factors carefully, aligning their strategies with their risk tolerance and investment horizon.
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