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Bajaj Auto

BSE: 532977 | NSE: BAJAJ-AUTO | ISIN: INE917I01010 | SECTOR: AUTO - 2 & 3 WHEELERS

Accumulate cmp@2081.25, Target 2250/2300, Stop Loss 2040, RISK REWARD 1:4

Analysis : We have bullish view on Bajaj Auto Ltd, On weekly basis prices has tested 61.8% retracement levels from all time high of 2364.85 and took  support at weekly triangle pattern & trend line at 2050 level,

We are expecting price can show reversal from trend line support area and go to the upside targets of 2250/2300, we advices to   accumulate Bajaj Auto at current market prices of 2081.25 with stop of 2040 for targets of 2250/2300.

Bajaj Auto Ltd(Weekly Chart)

Disclaimer:All information given here is largely based on technical analysis which is highly dynamic in nature and relevant only at a particular point of time. Users are advised to pursue these recommendations only at their own risk and first consult their personal investment advisor when making investment decisions. We are not liable and we take no responsibility for any loss that you incure by trading/investing on our recommendations. these study are posted for educational purpose only.

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