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Crypto Trends

Bajaj housing arrow arrow violations 115 support. Time for sale?

    summary:

  • The momentum on the price of the housing shares in Bajaj tightly has control, but the results of the recent profits are a strong basis for reflection.

Bajaj Finance Finance Trend Trend, which is divided shortly to less than the RS 115 support level. He saw this losing 4.4 % of its value in the last five sessions, with its monthly revenue by -1.2 %. In addition, it is currently 23 % less than the price that was first inserted in 8 months.

However, at 116 rupees, the current price is still 64 % higher than the public subscription price of 70 rupees. This helped reduce the declining pressure on the stocks, because many of the first investors are still in profit. It is worth noting that the price of the Bajaj Finance Finance began to drop a week after the end of the lock period for its shareholders. Which made 5.291 billion shares available for trading.

Although all shareholders did not trade their shares, the number is large, because it represents 64 % of all the company’s distinguished shares. Consequently, the huge offer of shares contributed to reducing the share price. Despite the declining pressure on the price of the housing shares in Bajaj, its latest quarterly results indicate a strong financial position.

The assets of the company under management (AUM) grew by 25.5 % on an annual basis in the quarter ended on March 3, 2025 to reach 14 Cham rupees (about $ 13.73 billion). In addition, the loan book grew by 99,500 rupees (about $ 12 billion). This is a strong basis to reflect the price of the Bajaj share.

See too

With the arrow of the arrow of the arrow

Bajajj inhabits the pivotal price prices at 117 rupees and momentum prefers the negative aspect of prevailing. Immediate support is likely to be at 114 rupees. However, if the sellers extend their control, the price will collapse below this level and they can test the second support at 112 rupees.

On the other hand, the momentum can turn into the upward trend if the price exceeds 117 rupees. This is likely to witness the first resistance level, which was identified at 119 rupees. The negative narration will be invalid if the price is lower than this level. Also, expanded control by buyers can pay the price up to 120 rupees.

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