BAJAJ-AUTO - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 4.4
| Stock Code | BAJAJ-AUTO | Market Cap | 3,02,196 Cr. | Current Price | 10,810 ₹ | High / Low | 10,835 ₹ |
| Stock P/E | 30.7 | Book Value | 1,251 ₹ | Dividend Yield | 1.39 % | ROCE | 38.6 % |
| ROE | 29.3 % | Face Value | 10.0 ₹ | DMA 50 | 9,981 ₹ | DMA 200 | 9,392 ₹ |
| Chg in FII Hold | -0.02 % | Chg in DII Hold | 0.28 % | PAT Qtr | 2,718 Cr. | PAT Prev Qtr | 2,549 Cr. |
| RSI | 65.4 | MACD | 239 | Volume | 3,58,141 | Avg Vol 1Wk | 4,56,069 |
| Low price | 7,858 ₹ | High price | 10,835 ₹ | PEG Ratio | 1.46 | Debt to equity | 0.00 |
| 52w Index | 99.2 % | Qtr Profit Var | 32.6 % | EPS | 352 ₹ | Industry PE | 28.0 |
- 📈 Chart Patterns: BAJAJ-AUTO is trading at 10,810 ₹, very close to its 52-week high of 10,835 ₹. Support lies around 10,600–10,650 ₹, resistance near 10,850–10,900 ₹. Trendlines suggest strong bullish continuation.
- 📊 Moving Averages: Price is well above 50 DMA (9,981 ₹) and 200 DMA (9,392 ₹), confirming robust medium- and long-term strength.
- 📉 RSI: At 65.4, RSI is moderately overbought, signaling caution for fresh entries.
- 📈 MACD: Strongly positive (239), confirming bullish divergence and momentum strength.
- 📊 Bollinger Bands: Price is near the upper band, indicating volatility expansion and possible resistance zone.
- 📊 Volume Trends: Current volume (3,58,141) is slightly below weekly average (4,56,069), showing reduced participation despite price strength.
- 📌 Momentum Signals: Entry zone around 10,600–10,650 ₹; exit zone near 10,850–11,000 ₹.
- 🔄 Trend Status: Trending strongly with bullish bias.
Positive
- EPS of 352 ₹ highlights strong earnings power.
- ROCE (38.6%) and ROE (29.3%) reflect excellent efficiency.
- PAT growth (+32.6%) shows strong quarterly performance.
- Debt-free balance sheet adds financial resilience.
Limitation
- RSI near overbought zone, limiting immediate upside.
- Volume slightly below average, reducing conviction in breakout.
- P/E of 30.7 vs industry average of 28.0 suggests mild overvaluation.
Company Negative News
- FII holdings decreased (-0.02%), showing marginal foreign investor caution.
Company Positive News
- PAT improved to 2,718 Cr. from 2,549 Cr.
- DII holdings increased (+0.28%), showing domestic institutional support.
- Dividend yield of 1.39% provides shareholder return.
Industry
- Industry P/E at 28.0 highlights sector trading at lower multiples.
- Auto sector remains buoyant with strong demand and export growth.
Conclusion
BAJAJ-AUTO is trending strongly with bullish bias supported by MACD, price above key moving averages, and strong fundamentals. Entry near 10,600–10,650 ₹ offers tactical positioning, with exit targets around 10,850–11,000 ₹. Overbought RSI and mild overvaluation warrant cautious trading with strict stop-loss discipline.
Would you like me to extend this into a sector overlay benchmarking against auto peers, or refine it into a swing trade outlook with medium-term targets?