Investment Idea – Ride with Bajaj Auto

Bajaj Auto is looking strong in chart. We feel this is time to accumulate bajaj Auto as a “Investment” One can initiate trade at present level with an idea to add more at lower level. From technical perspective, Rs 2230 seems to be strong resistance.

Detail fundamental report of Motilal oswal is attached herewith. But we feel

Bajaj to resume shipments to Egypt as import ban lifted According to media reports, Egypt government has lifted the ban on imports of two-wheelers and three-wheelers into the country which was in effect since February 2014. This move is expected to benefit Bajaj Auto as it is one of  the biggest exporters of two-wheelers and three-wheelers to Egypt. This is certainly a position steps for Bajaj.

Motilal on Bajaj Auto

Technical – Presently, it is about to give breakout on weekly & monthly chart. As told technically 2230 seems to be strong resistance. But we beleive, it should able to cross this.

 

Disclaimer – Any buying selling on this stock , should be at user own discrision. We are not liable for any profit or loss

 

Bajaj Auto Technical chart

 

 

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2 Comments to Investment Idea – Ride with Bajaj Auto

  1. […] Bajaj Auto is looking strong in chart. We feel this is time to accumulate bajaj Auto as a "Investment" One can initiate trade at present level with an idea to add more at lower level. From technical perspective, Rs 2230 seems to be strong resistance. Detail fundamental report of Motilal oswal is  […]

  2. ask.Com says:

    Pretty! This was an extremely wonderful
    post. Many thanks for providing these details.
    ask.Com recently posted…ask.ComMy Profile

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