Bajaj auto share price analysis 2014

Bajaj auto share price analysis 2014

Bajaj auto share daily chart analysis

Bajaj auto share on last trading session closed at 2078 with gain. On daily chart, stock price trend and momentum both are bullish. Bullish Breakout was seen at 1920 and stock hit recently high near 2100. For month of April 2014, Bajaj-auto share support zones are 2040 and 1960. Above 1960 on closing basis trend will remain bullish and strategy should be buy on dips. On upside 2155 and 2270 are strong resistances as well as short-term targets for stock if trend continues. Daily chart indicators patterns are bullish but overbought so expect some correction then consolidation and then upside for stock price.

Bajaj auto share weekly chart analysis

Bajaj auto share on weekly chart closed with gains in last week. Last week was medium term bullish breakout move for stock prices and now trend and momentum both are bullish on weekly chart.

Traders above 2020 keep long view for stock and expect targets of 2430 and then 2850 in next 6 to 12 month period. These level also medium term resistance zones for stock. On downside, 2020 and 1630 are strong support zones on weekly chart. Indicators patterns are bullish but near overbought zones so expect some pull back and then rally will resume for new high.

Bajaj auto share monthly chart analysis

Bajaj auto share is underperformer from last 6-month view and only given 4% returns to investors while major indices rallied 15-16% in same time. Fundamentally good company but expensive. 450-600 was value buy zone, which was last seen in 2008 crash. 1200-1300 is best buy zone for long-term investors with 12 to 24 months price target at 2800-2900 and 3 to 5 years target at 3800 rupees.

Bajaj auto company description

Bajaj Auto Limited is a manufacturer of scooters, motorcycles and three-wheeler vehicles and spare parts thereof. The Company operates in two segments: Automotive and Investments. The Company’s brands include Pulsar, Avenger, Discover, Platina and Ninja. Its commercial vehicles range include goods carriers, such as GC Max Diesel, GC Max CNG, RE600, and passenger carriers, such as RE 2S, RE 2S CNG, RE 2S LPG, RE 4S, RE 4S CNG, RE 4SLPG, RE Diesel, RE GDI and Mega Max. The Company’s subsidiaries include Bajaj Auto International Holdings BV and PT. Bajaj Auto Indonesia.

Bajaj auto share fundamental ratios

Range

2,045.05 – 2,084.00

52 week

1,656.00 – 2,229.00

Open

2,083.60

Vol.

64,880.00

Mkt cap

593.39B

P/E

110.76

Div/yield

45.00/2.19

EPS

18.51

Shares

289.37M

Beta

Inst. own

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Updated: 01/04/2014 — 12:39 PM

The Author

Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.

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