The price of the housing shares in Bajaj increased on Monday, when it was traded at 113.80 rupees at the time of writing this report, after it increased by 0.1 %. The stock gained 3.2 % last month and increased by 4.5 % in the last five sessions, confirming the promotion of upward momentum. However, it remains a decrease of 10.6 % of the year.
The gains made by Bajaj Housing are the opposite of the broader Indian stock markets, which have been declining on the year in recent weeks. The Sensex Index decreased by 4.7 % on an annual basis, while the NIFTy index lost 50 4.5 %. In addition, both standards are on the way to complete a four -month losing chain, with NIFTY 50 % decreased by 4 % in February and Sensex by -3.8 % for this month.
The price of the Bajaj housing is included in 150 rupees in NSE and BSE in September 2024, which means that it decreased by about 25 % of this level. The stock ranged between 107 rupees 123 rupees for the best part of last month. Therefore, if Bajaj (BAJAJHFL) is separated over the upper range, this may be important in confirming the average bullish direction. On the negative side, the Bajaj housing price will need to stay above 110 psychological rupees to avoid running a declining feeling.
With the arrow of the arrow of the arrow
The momentum on the price of the Bajaj Housing shares calls for more bullish direction over the Pivot 112.70 rupees. The upper trend of the first obstacle is likely to fulfill 114.50 rupees, but the expanded control by buyers will break down this level and possibly test 116 rupees.
On the other hand, the trend can go down if the price decreases to less than 112.70 rupees that can witness the first support that comes at 111.35 rupees. The bullish direction would be invalid if the price is less than this level. The resulting momentum can take the procedure up and test the second resistance at 110.30 rupees
