BAJFINANCE 210min β Four Lower Highs, Then a Change of ToneBajaj Finance LimitedNSE:BAJFINANCEMarxBabuπ THE SETUP NSE is closed for the weekend, so this is a review of Friday's last session β no live prices here. Bajaj Finance spent the last three weeks making one thing very clear: every rally got sold a little earlier than the one before it. The sequence of highs reads 1,107 β 1,081.50 β 1,067 β 1,061.40. Four lower highs, no argument. π THE MOVE Selling has not been quiet. The candle that printed the low at 1,034.80 carried 3.57M shares against a 40-bar average near 2.26M β roughly 1.6x. The declines have been the high-participation sessions. π WHAT MOST PEOPLE MISS Look at where the last three candles closed, not where they traded. 1,045.50 β closed 1,053, near its high 1,051.10 β closed 1,054 1,054.20 β closed 1,063.60 β exactly at the session high In a genuine downtrend, sellers own the close. For three sessions running, they have not. The trend structure is still bearish; the closing behaviour underneath it has quietly changed. π― KEY LEVELS π΄ 1,084 β 1,107 β the supply band that has capped every attempt π‘ 1,063.60 β Friday's close, top of the recent bounce π’ 1,034.80 β 1,051 β the demand zone buyers have defended β‘ WHAT RESOLVES IT A sustained move back into 1,084+ would break the lower-high sequence for the first time since the decline began. Losing 1,034.80 on expanding volume says the closing strength was noise rather than signal. Between those two, this is still a downtrend that has merely stopped falling. A trend does not reverse when price rises. It reverses when sellers stop finishing the day in control. π Structure tells you the direction. Closes tell you the conviction behind it. β οΈ Technical analysis for study and discussion β not financial advice. Do your own research.