Bajaj Finserv (BAJAJFINSV) forming an Ascending Triangle pattern

Bajaj Finserv's stock is currently forming an Ascending Triangle pattern, which is often considered a bullish continuation pattern. This marks the second time the stock has broken above its September 2021 highs. The first attempt occurred in September 2024, but it failed to maintain momentum above that level and eventually found support within its channel. However, in February 2025, the stock successfully broke through the resistance and closed above it, which had previously acted as a strong resistance level.

This breakout could signal potential bullish momentum.