Bajaj Auto is giving a big break out on charts. The stock has given trend line break out from trend line and the stock is also trading above major moving averages. A short term resistance can be around 2772(89 day SMA). But i strongly believe that stock will easily cross that and move rapidly to cross its previous highs.
On weekly charts the stock is also looking good giving respect to previous resistance trend line.
So its a buy for me.
Disclosure: I am not a SEBI certified analyst so please make your research before buying the stock. Further i have this stock in my portfolio.
On weekly charts the stock is also looking good giving respect to previous resistance trend line.
So its a buy for me.
Disclosure: I am not a SEBI certified analyst so please make your research before buying the stock. Further i have this stock in my portfolio.
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