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Technicals for Bajaj Auto Limited
By MusingTheNews
2025-06-13 20:24
Overall Technical outlook
Price Summary
Bajaj Auto Limited's stock began trading at 8732.5 on 2025-06-12, soared to 8756.0, dipped to 8540.0, and finished the day -1.9% lower at 8567.0, with 367757 shares exchanged. Over the previous 52 weeks, the stock reached a high of 12666.4 and a low of 7306.8. BAJAJ-AUTO's future price is expected to lie between 7250.0 and 12584.0, with an average expectation of 9288.385, as per the recommendations of 39 analysts.
Technicals
Support and Resistance: The price for BAJAJ-AUTO at 8567.0 is supported by the 8384.6 level and faces resistance at 8768.45. This range indicates key levels where the price may find buyers near 8384.6 and sellers near 8768.45, defining a trading range. Support/Resistance for BAJAJ-AUTO
Aroon: The current reading of the AROON indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Aroon chart for Bajaj Auto Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, providing no clear signals for either an upward or downward movement. This indicates that the market may be in a state of equilibrium, with no strong momentum in either direction. Bolinger Bands chart for Bajaj Auto Limited
Parabolic SAR: The PSAR continues its bearish trend for Bajaj Auto Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for Bajaj Auto Limited
Stochastic: The STOCHASTIC is neutral, showing no definitive signals of a trend either upward or downward. This neutral stance indicates a period of market indecision, where the direction is unclear. Stochastic chart for Bajaj Auto Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG indicator suggests a neutral stance, with no clear signals indicating an upward or downward direction. This lack of directional bias suggests the market may be in a period of consolidation or uncertainty. Tripple SMA chart for Bajaj Auto Limited
Analyzing the technical indicators of a company, such as stock price and trading volume, requires first understanding its fundamentals. These fundamentals include profitability, growth potential, and market position. Furthermore, knowing the broader industry trends and competitive landscape provides critical context. When both the company's internal data and the external environment are considered, it allows for more meaningful conclusions about the company's technical performance and future trajectory.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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