Bajaj Housing Finance Share Price Falls Below ₹146: Can It Find Support?

Summary:
• Explore key technical levels, economic challenges, and the stock's resilience amidst rising interest rates and inflationary trends.

Bajaj Housing Finance’s share price has sharply declined recently after a failed attempt to sustain above key resistance levels. The stock has fallen below ₹146, raising questions about whether it can find support in the coming days.

Bajaj Housing Finance Share Price Chart Analysis

Current Price Action: The stock is trading below ₹146.13 after failing to break this resistance level, indicating a possible short-term pullback.

Support Levels:

• ₹138.51 (50-day SMA): Immediate support to watch.
• ₹133.60 (20-day SMA): Secondary support in case of further decline.
• ₹128.40: Strong historical support from November lows.

Resistance Levels:

• ₹146.13: Immediate resistance level.
• ₹159.70 and ₹165.81: Higher targets if the stock regains bullish momentum.

Conclusion

BHF’s share price is on a tightrope, balancing between support and resistance levels. The bulls will need to muster enough energy to push the stock past ₹146.13, opening doors to ₹159.70 and beyond. On the flip side, if the bears take charge, we might see the stock revisiting the ₹133.60 and ₹128.40 zones—levels where buyers have stepped in before.