Shares of Bajaj Housing Finance Ltd. were on a four-day losing streak going into Thursday's trading session. The stock fell to a 52-week low of ₹95, after its promoter Bajaj Finance sold stake in the company.

With this, shares of Bajaj Housing Finance have halved from their post-listing high of ₹188.5, to which the stock had surged to within a few days of listing. It is now closer to its IPO price of ₹70 per share.

Bajaj Finance confirmed the sale of stake worth ₹1,600 crore. Promoters will still have over 85% stake in the company, which leaves an overhang of further supply coming in to be compliant with Minimum Shareholding Norms.

With such a steep correction, has the stock made a bottom? Here's what a fundamental and technical expert told CNBC-TV18:

"What is clear from the charts, wi

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