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Bajaj Auto


BSE: 532977 | NSE: BAJAJ-AUTO | ISIN: INE917I01010 | SECTOR: AUTO - 2 & 3 WHEELERS

Accumulate cmp@2081.25, Target 2250/2300, Stop Loss 2040, RISK REWARD 1:4

Analysis : We have bullish view on Bajaj Auto Ltd, On weekly basis prices has tested 61.8% retracement levels from all time high of 2364.85 and took  support at weekly triangle pattern & trend line at 2050 level,

We are expecting price can show reversal from trend line support area and go to the upside targets of 2250/2300, we advices to   accumulate Bajaj Auto at current market prices of 2081.25 with stop of 2040 for targets of 2250/2300.
{21.07.2014}


Bajaj Auto Ltd(Weekly Chart)



























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