BAJAJ-AUTO - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.4

Here’s a detailed technical analysis of BAJAJ-AUTO as of mid-September 2025

📊 Trend Overview

Current Trend: Bullish

Status: The stock is trending upward, supported by strong price action above key moving averages and a bullish chart pattern.

📈 Moving Averages

DMA 50: ₹8,711

DMA 200: ₹8,604

Current Price: ₹9,075

🔹 Price is above both 50-DMA and 200-DMA, confirming a bullish trend. The moving average crossover strengthens the uptrend.

📉 Momentum Indicators

RSI (14-day): 58.7 — Bullish zone, with room to rise before overbought territory.

MACD: +162 — Strong bullish crossover, indicating upward momentum.

Volume: 1.94 lakh vs 1-week avg of 2.85 lakh — Slightly below average, suggesting mild caution on participation.

📊 Bollinger Bands

Price is near the middle band, indicating moderate volatility and potential for continuation if volume picks up.

🔍 Support & Resistance Zones

Level Price (₹) Commentary

Support 1 8,900 Neckline of bullish reversal pattern

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Support 2 8,711 50-DMA, strong technical support

Resistance 1 9,443 Recent breakout level

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Resistance 2 9,975 Target zone from brokerage call

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Resistance 3 10,450–10,500 Medium-term target if momentum sustains

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🎯 Entry & Exit Zones

Optimal Entry: ₹9,000–₹9,120 range on pullback with volume confirmation.

Exit Zone: ₹9,975–₹10,500 for short-term traders; ₹11,000+ for medium-term breakout players.

⚠️ Short-Term Signals

MACD bullish, RSI healthy, and price above key averages suggest continued momentum.

A bullish inverted head and shoulders pattern has formed, with neckline support around ₹8,900

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Brokerage targets suggest upside potential of ~9.9% from current levels

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🧭 Summary

Trend: Bullish with breakout potential

Momentum: Strong; MACD and price action support upside

Technical Rating: 4.4 — Positive setup with medium-term upside toward ₹10,500

Sources

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The Hindu BusinessLine

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The Economic Times

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Moneycontrol

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