Stock Market

Bajaj Auto falls over 1% to hit over 3 month low

   Download Android App    Share in      FullScreen   CheckVideos

NEW DELHI: Shares of Bajaj Auto fell as much as 1.54 per cent to Rs 2461.10 in Thursday's morning trading session.

The shares had last hit this level on October 26, 2018. The stock broke below its support at Rs 2,504.53, the 38.20 per cent Fibonacci projection level of the downtrend from February 2, 2018 high to October 25, 2018 low.

This suggests, stock may test the next support at Rs 2,380.83, the 50 per cent projection level. Stock's wave pattern suggests, it is in the final wave of a five wave downtrend.

Trend intensity (TI) indicator rose two points to 18, suggesting downtrend is gaining momentum, MACD is negative and below its signal line. The stock has been down 8.10 per cent this year as of last close, compared with the broader NSE index's 1.94 per cent fall in the same period. At 10.49 am, the scrip was trading at Rs 2510.55 on BSE, up 0.47 per cent.




Unlimited Portal Access + Monthly Magazine - 12 issues-Publication from Jan 2021

Buy Our Merchandise (Peace Series)

 

Contribute US to Start Broadcasting


It's Voluntary! Take care of your Family, Friends and People around You First and later think about us. Its Fine if you dont wish to contribute and if you wish to contribute then think about the Homeless first and Feed them. We can survive with your wishes too :-). You can Buy our Merchandise too which are of the finest quality.

Debit/Credit/UPI

UPI/Debit/Credit

Paytm

STRIPE

Details
Category: Stock Market


21