Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.
Heres a fresh spin on Bajaj Auto Limited, BAJAJ-AUTO, trading at 7722 as of March 19, 2025, and what the charts are revving up. The past five days have been a smooth ride, with the stock accelerating from a low of 7415 on March 13 to todays close, signaling a short-term bullish turn after a bumpy early March. Supports parked firmly at 7415, a level thats held twice this week, offering a reliable pit stop if the price backtracks. Resistance is up ahead at 8758, a tough barrier thatll test this rallys horsepower, while the 52-week high of 12774 from September 2024 sits 39 percent highera long haul yet. The RSIs cruising in the middle lane, leaving plenty of runway before overbought or oversold signals kick in. The MACDs stuck in bearish gear, though, hinting that momentums not fully onboard with this price jumpcautions warranted. The ADX is pumping out decent trend strength, suggesting this move has some legs. Volatilitys in check, with ATR hovering around 300 to 350, keeping the ride steady. The Stochastic %K is on the lower side, teasing more upside potential, but the Stochastic RSIs near overbought, so a breather could be close if buyers push too hard. Delivery datas strong, with percentages consistently above 50 percent and hitting 59 percent on March 18, proving this isnt just hot air. Traders, heres the playbook: grab dips near 7500, set a stop below 7415, and aim for 8758watch that MACD for any red flags on this road trip.