Current Market Condition
Bajaj Auto share price reached an all-time high of 12,770 in September 2024. Since then, the stock has been in a downtrend, breaking key support levels across all timeframes (daily, weekly, and monthly). It is currently trading around 7,990 and recently took support at 7,300. Over the last 2-3 weeks, the stock has been consolidating without any clear reversal signals.
As of now, there is no support from the 20 EMA on any timeframe, indicating that the downtrend remains strong. Until a trend reversal confirmation appears, we cannot expect a sustained upward movement.
Downside Support Levels in Bajaj Auto share price
Bajaj Auto recently took support at 7,300, which is a crucial level. If the stock holds above this, it may stabilize and attempt to move higher. However, if it fails to sustain above 7,300, the next strong support is around 6,300. A breakdown below this level could lead to further downside pressure.
Upside resistance Levels in Bajaj Auto share price
The first major resistance for Bajaj Auto is around 8,700. If the stock breaks above this level and sustains for a reasonable period, it could signal the beginning of an uptrend. The next significant resistance is at 11,500, which would act as a strong hurdle. If the price successfully crosses and holds above this level for a week, it could pave the way for further gains. Beyond this, the stock has the potential to reach 12,800, marking a new all-time high. However, a confirmed breakout and sustained momentum are essential before expecting a strong rally.
Plan of Action (As of April 1, 2025)
Currently, Bajaj Auto is in a downtrend and has broken key support levels. We need to wait for confirmation of a trend reversal before considering any buying opportunities. Until then, patience is key.
Today, on April 7, 2025, the price has dropped to the first support level of ₹7,300, as discussed last week. The trend is still down, so we cannot expect an upward move in April 2025.
FAQs
Q1. Why is Bajaj Auto falling?
Bajaj Auto came down from all time high and its Trend is strongly DOWN on all the time frames. It will be falling until the trend reversal.
Q2. What is Bajaj Auto share price target 2030.
In the long term, Bajaj Auto has strong growth potential, and experts are expecting a target of ₹15,000 by 2030.
Q3. What is the support level for Bajaj Auto in 2025?
The immediate support level for Bajaj Auto is at ₹7,300. If the stock fails to hold above this zone, the next critical support lies around ₹6,300. A breakdown below this level could trigger further downside pressure.
Q4. What is the resistance level for Bajaj Auto share price in 2025?
Bajaj Auto faces its first key resistance around ₹8,700. A breakout and sustained move above this level could indicate the beginning of a potential uptrend. Further resistance lies at ₹11,500, followed by a previous all-time high near ₹12,800.
Q5. Is it a good time to invest in Bajaj Auto share?
Currently, Bajaj Auto is not showing any clear reversal signals. Until a confirmed trend reversal appears, it is advisable to stay cautious. Investors should wait patiently for the stock to show signs of stability and upward momentum before entering.
Q6. What is the price target for Bajaj Auto by 2025?
There is no confirmed price target at the moment due to the ongoing downtrend. However, if Bajaj Auto holds above support and breaks key resistance levels (₹8,700 and ₹11,500), it may attempt to retest the ₹12,800 level by the end of 2025.
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Disclaimer:
Stock market investments are subject to market risks. The information in this article is for educational purposes only and should not be considered financial or investment advice. Readers should do their own research or consult a financial advisor before making any investment decisions. The author and publisher are not liable for any financial losses incurred.