$BAJAJ-AUTO – Strong Fundamentals with Technical Strength; Bullish Outlook Intact

$BAJAJ-AUTO continues to deliver impressive performance, supported by robust exports, healthy domestic demand, and a growing presence in the premium and electric two-wheeler segments. The company’s operational efficiency, strong EBITDA margins, and debt-free balance sheet highlight its solid fundamentals. Improved product mix, consistent profitability, and effective cost control further reinforce its leadership position in the auto sector. From a technical standpoint, Bajaj Auto remains in a firm uptrend. The stock is trading comfortably above its 20-day, 50-day, and 100-day moving averages, indicating sustained bullish momentum. The RSI is hovering around 65–68, suggesting healthy buying strength without being overbought. The MACD is in a positive crossover, confirming upward momentum, while the ADX reflects a strengthening trend, implying that bulls continue to dominate. The Bollinger Bands are slightly expanding, hinting at the potential for further price movement with short-term volatility. In terms of key levels, immediate resistance is placed around ₹9,500, where the stock may face some selling pressure. On the downside, strong support lies near ₹8,500, which could act as a cushion in case of any correction. A sustained move above ₹9,500 would likely trigger fresh buying, potentially taking the stock toward ₹9,800–₹10,000, while any dip near ₹8,500 may be considered a buying opportunity for medium-term investors. Overall, both fundamentals and technical indicators support a bullish outlook for Bajaj Auto. With strong financial health, leadership in premium motorcycles, and rising traction in electric vehicles, the stock remains well-positioned for further upside as long as it sustains above key support levels.