Bajaj Finserv remains in a clear uptrend, moving within a well-defined rising channel. The multiple touchpoints (circles) on both support and resistance confirm that this structure is reliable and actively respected by the market.

Currently, the stock has faced rejection near the resistance zone (₹1,930–₹2,200) and is undergoing a healthy pullback, not a trend reversal. This is a normal phase within an ongoing uptrend.

The ₹1,650–₹1,700 zone is a key area, as it aligns with the channel support and past demand levels. If the stock holds this zone, the broader uptrend remains intact and a bounce from here is likely.

On the upside, ₹1,930 is the immediate hurdle. A strong breakout above ₹2,100–₹2,200 would indicate continuation of the uptrend.

Key Levels:

• Support: ₹1,650–₹1,700

• Major Support: ₹1,300–₹1,350

• Resistance: ₹1,930

• Breakout Zone: ₹2,100–₹2,200

View:
The current decline is corrective and not a breakdown. As long as the stock holds above ₹1,650, the trend remains positive. A bounce from support or a breakout above resistance can drive the next move higher.