Bajaj twins hit new lows every month since November 2022; weakness persists

Every reversal in Bajaj twins is expected to face sell-off, until key levels are not conquered, with aggressive volumes.

Bajaj Finance and Bajaj Finserv, both Bajaj twins have hit new lows every month since November last year, signalling weakness and accumulation, if any, has been unable to overpass the selling pressure. 

If the current trend persists, both the stocks may enter medium-term bearishness, where they could lose interest of the market participants, effectively negating any potential reversal.

In addition, both Bajaj twins have breached the key 200-day moving average (DMA) and formed “Death Cross”, a bearish pattern indicating that bears shall dominate severely if the counters fail to hold the decline. 

Bajaj Finserv has plunged 23 per cent and