BAJAJ-AUTO - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 3.2

Here’s a detailed technical breakdown of Bajaj Auto (BAJAJ-AUTO)

📉 Trend Analysis

Current Price: ₹8,128 is below both the 50-DMA (₹8,332) and 200-DMA (₹8,553), indicating short-term and medium-term weakness.

Trend Status: The stock is currently consolidating with a mild bearish bias. It’s trading in a range between ₹7,088 and ₹8,553, unable to break above key moving averages.

📊 Momentum Indicators

RSI (41.4): Indicates neutral to slightly bearish momentum. Not oversold yet, but approaching that zone.

MACD (-64.2): Negative and diverging from the signal line, confirming bearish momentum.

Volume: Current volume (2,18,907) is below the 1-week average (3,12,379), suggesting weak participation and lack of buying conviction.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹8,332 Resistance

200-DMA ₹8,553 Strong Resistance

Price < DMA Bearish

📌 Bollinger Bands

Price is near the lower band, suggesting limited downside in the short term.

A bounce is possible if volume picks up, but confirmation is needed.

🔍 Support & Resistance Zones

Level Type

₹7,088 Strong Support (52W Low)

₹8,330–₹8,550 Resistance Zone (DMA Cluster)

₹8,800 Next Resistance

₹7,500 Intermediate Support

🎯 Entry & Exit Zones

Entry Zone: ₹7,200–₹7,500 (if RSI dips below 35 and volume spikes)

Exit Zone: ₹8,500–₹8,800 (near 200-DMA and resistance)

📌 Short-Term Signals

No bullish crossover in MACD or moving averages.

Volume divergence suggests caution.

Wait for RSI < 35 or MACD reversal for a stronger entry signal.

🧭 Summary

Technical Rating: 3.2

Trend: Consolidating with bearish undertone

Momentum: Weak

Strategy: Watch for a bounce near ₹7,200–₹7,500 with confirmation from RSI and volume. Avoid aggressive buying until price reclaims ₹8,550.

Would you like a visual chart or a comparison with peers like Hero MotoCorp or TVS Motors?

Edit in a page