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Stock analysis Bajaj Auto Limited BAJAJ-AUTO

More indepth analysis on MunafaSutra.com

Moving Averages for Bajaj Auto Limited

  • 5Day Average: 8907.55
  • 12Day Average: 8987.8
  • 20Day Average: 8988.73
  • 50Day Average: 8557.46
  • 100Day Average: 7670.05
  • 150Day Average: 6863.08
  • 200Day Average: 6334.68

BAJAJ-AUTO Indicators & signals

Indicator MACD (12,26,9)

8935.25, 8827.38, 170.52
Indicator MACD is in positive zone

Indicator ADX (14)

4.98, 21.65, 19.6
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of BAJAJ-AUTO Bajaj Auto Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Mon Apr 2024 8795.75 8745.00 to 8884.00 -0.1% 0.59 times
19 Fri Apr 2024 8804.50 8700.05 to 9090.00 -2.4% 2.53 times
18 Thu Apr 2024 9021.30 8950.00 to 9129.00 1.15% 1.5 times
16 Tue Apr 2024 8919.15 8784.10 to 9029.45 -0.87% 0.89 times
15 Mon Apr 2024 8997.05 8945.00 to 9177.70 -0.75% 0.71 times
12 Fri Apr 2024 9064.85 8930.00 to 9119.00 0.66% 0.88 times
10 Wed Apr 2024 9005.55 8901.35 to 9049.80 0.3% 0.58 times
09 Tue Apr 2024 8978.90 8936.40 to 9132.70 -0.57% 0.44 times
08 Mon Apr 2024 9030.50 8951.30 to 9090.00 0.23% 0.69 times
05 Fri Apr 2024 9009.50 9000.50 to 9130.00 -1.49% 0.65 times
04 Thu Apr 2024 9146.15 8988.05 to 9181.75 0.72% 1.13 times
03 Wed Apr 2024 9080.45 9065.20 to 9248.95 -2.11% 0.83 times

Technical analysis forecast for Bajaj Auto Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Bajaj Auto Limited BAJAJ-AUTO at this time. Stock is falling and might fall more.

It appears as if Bajaj Auto Limited BAJAJ-AUTO gave a large move recently.

Stock of Bajaj Auto Limited (BAJAJ-AUTO) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Bajaj Auto Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8741 as stoploss in an intra day buy trade for a target of 8890. However, stock will show a bearish move below 8741.

More indepth analysis on MunafaSutra.com