Struggling With Great Stock Picks? Discover StockInvest.us Top Gems!
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BAJAJ-AUTO.NS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Bajaj Auto Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 10, 2024)

Hold candidate since May 10, 2024 PDF

The Bajaj Auto Limited stock price gained 1.53% on the last trading day (Friday, 10th May 2024), rising from ₹8,846.85 to ₹8,981.80. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.59% from a day low at ₹8,906.50 to a day high of ₹9,047.95. The price has risen in 5 of the last 10 days and is up by 0.08% over the past 2 weeks. Volume fell on the last day by -163 thousand shares and in total, 483 thousand shares were bought and sold for approximately ₹4.34 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.44% during the next 3 months and, with a 90% probability hold a price between ₹9,528.09 and ₹10,700.29 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

BAJAJ-AUTO.NS Signals & Forecast

The Bajaj Auto Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹8,932.11 and ₹8,944.22. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, April 02, 2024, and so far it has fallen -3.17%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Bajaj Auto Limited stock

Bajaj Auto Limited finds support from accumulated volume at ₹8,879.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹141.45 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 3.12%.

Our recommended stop-loss: ₹8,638.32 (-3.82%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (BAJAJ-AUTO.NS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Bajaj Auto Limited to open at ₹8,978.75, and during the day (based on 14 day Average True Range), to move between ₹8,751.95 and ₹9,211.65, which gives a possible trading interval of +/-₹229.85 (+/-2.56%) up or down from last closing price. If Bajaj Auto Limited takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹9,021.30 (0.44%) than the support at ₹8,879.05 (1.14%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Bajaj Auto Limited stock A Buy?

Bajaj Auto Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.521 Hold/Accumulate Upgraded

Predicted Opening Price for Bajaj Auto Limited of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
₹8,978.75 ( 0.0340%) ₹8,981.80

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BAJAJ-AUTO.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 9,120.20 1.54 %
R2 9,066.17 0.94 %
R1 9,032.78 0.568 %
Current price: 8,981.80
Support S1 8,924.72 -0.636 %
S2 8,891.33 -1.01 %
S3 8,837.30 -1.61 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 9,162.50 2.01 %
R2 9,148.15 1.85 %
R1 9,021.30 0.440 %
Current price 8,981.80
Support S1 8,879.05 -1.14%
S2 8,804.50 -1.97%
S3 8,509.70 -5.26%

BAJAJ-AUTO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jun 14, 2024 Jun 14, 2024 Aug 15, 2024 ₹80.00 0.89%
2 Jun 13, 2024 Jun 13, 2024 Jun 13, 2024 ₹0 0%
3 Jun 30, 2023 Jun 30, 2023 Jun 30, 2023 ₹140.00 2.98%
4 Jun 29, 2023 Jun 29, 2023 Jun 29, 2023 ₹140.00 3.03%
5 Jun 30, 2022 Jun 30, 2022 Jun 30, 2022 ₹140.00 3.78%

FAQ

What is the symbol for Bajaj Auto Limited Stock and on which exchange is it traded?
The symbol for Bajaj Auto Limited is BAJAJ-AUTO.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Bajaj Auto Limited Stock?
Bajaj Auto Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Bajaj Auto Limited Stock?
Bajaj Auto Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bajaj Auto Limited Stock.

What's the current price of Bajaj Auto Limited Stock?
As of the end of day on the May 10, 2024, the price of an Bajaj Auto Limited (BAJAJ-AUTO.NS) share was ₹8,981.80.

What is the 52-week high and low for Bajaj Auto Limited Stock?
The 52-week high for Bajaj Auto Limited Stock is ₹9,357.95 and the 52-week low is ₹4,464.05.

What is the market capitalization of Bajaj Auto Limited Stock?
As of the May 10, 2024, the market capitalization of Bajaj Auto Limited is 2.508T.

When is the next earnings date for Bajaj Auto Limited?
The upcoming earnings date for Bajaj Auto Limited is Jul 23, 2024.
Click to get the best stock tips daily for free!

About Bajaj Auto Limited

Bajaj Auto Limited Bajaj Auto Limited develops, manufactures, and distributes automobiles in India. It operates through Automotive and Investments segments. The company offers motorcycles, commercial vehicles, electric two-wheelers, etc., as well as related parts. It also exports its products. The company was founded in 1945 and is based in Pune, India.... BAJAJ-AUTO.NS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT