Whalesbook
Technical Crossroads for Bajaj Finance
Bajaj Finance stock was observed trading flat around ₹952 levels on Tuesday. However, technical charts indicate the stock is at a critical point, testing its long-term 200-day moving average (200-DMA), which currently stands at ₹954.50. The stock hit intra-day lows near ₹945.65 on Tuesday and ₹939.85 on Monday, yet has managed to hold above this key average on a daily closing basis.
The 200-DMA is a widely watched technical parameter used to gauge a stock's long-term trend. Generally, trading below this average suggests a bearish trend, while staying above it indicates a bullish one. Bajaj Finance is testing this significant average for the first time in approximately 13 months. The last time the stock closed below its 200-DMA was on January 1, 2025, when it traded near ₹691.
Radico Khaitan Faces Similar Technical Test
Similar technical pressures are evident in Radico Khaitan stock, which is also testing its 200-DMA after a gap of just over 10 months. The company last traded below this average on March 3, 2025. Radico Khaitan has experienced a notable decline, tumbling nearly 14 percent in January 2026 alone.
The stock currently trades around ₹2,864, hitting an intra-day low of ₹2,781 on Monday. Its 200-DMA is positioned at ₹2,840.60. Radico Khaitan has also struggled to stay above its short-term moving averages, with the 20-DMA at ₹3,159 and the 50-DMA at ₹3,207, consistently trading below them since the start of the year.
Market Sentiment Indicators
Technical analysts often view a stock testing its 200-DMA as a sign of potential trend reversal or consolidation. For Bajaj Finance, a sustained hold above ₹954.50 could reinforce its long-term uptrend. Conversely, a decisive break below this level might trigger further selling pressure, especially given its current struggle around shorter-term averages like the 20-DMA at ₹987 and 50-DMA at ₹1,009. The pattern for Radico Khaitan appears more bearish, with sustained weakness below its immediate moving averages.