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Technicals for Bajaj Auto Limited
By MusingTheNews
2026-02-02 20:24
Overall Technical outlook
Price Summary
On 2026-02-02, Bajaj Auto Limited's stock began at 9454.5, peaked at 9523.0, bottomed at 9250.5, and closed 0.44% up at 9496.5, with a volume of 327240 shares. The top price for the stock in the last 52 weeks is 9789.5, with the bottom price being 7306.8. The price outlook for BAJAJ-AUTO is between 7980.0 and 12584.0, with an average expectation of 9859.641, as estimated by 39 analysts.
Technicals
Support and Resistance: At 9496.5, the price for BAJAJ-AUTO is supported at 9491.0 and resisted at 9760.5. This indicates a trading range where 9491.0 serves as a support level, potentially preventing further decline, while 9760.5 could limit upward movement. Support/Resistance for BAJAJ-AUTO
Aroon: The current state of the AROON is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Aroon chart for Bajaj Auto Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Bajaj Auto Limited
Parabolic SAR: The PSAR continues to signal a bullish outlook, establishing a key support level that reinforces the market's upward momentum. This support could serve as a base for continued gains, suggesting that the bullish trend is likely to persist. Parabolic Stop and Reverse chart for Bajaj Auto Limited
Stochastic: The STOCHASTIC is currently neutral, showing no clear bias toward a rising or falling trend. This lack of directional clarity suggests that the market may be in a holding pattern, awaiting further developments. Stochastic chart for Bajaj Auto Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the wavering slopes of the 20 and 50 SMAs hint at a potential shift. This weakening of momentum could indicate that the bearish trend is running out of steam, possibly leading to a bullish reversal in the near future. Investors should be aware of the possibility of a market turnaround as the current downtrend weakens for Bajaj Auto Limited. Tripple SMA chart for Bajaj Auto Limited
Before diving into the technical aspects of a company, such as stock price charts or volume trends, it's important to understand its fundamentals. These fundamentals include financial stability, growth potential, and strategic positioning. Additionally, knowing the broader industry landscape, including competitive pressures and regulatory factors, offers deeper insights. When this fundamental analysis is combined with technical indicators, it leads to more informed, accurate evaluations of the company's overall performance.
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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