Bajaj Holdings & Investment Limited (BAJAJHLDNG) Stock - Complete Technical Analysis - Nov 27, 2024

Bajaj Holdings Stock Analysis: Bearish Indicators and Key Levels to Watch

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. Bajaj Holdings & Investment Limited's stock is currently trading at 10,222, approximately 9.94% below its 52-week high of 11,350 reached on September 20, 2024, and about 41.77% above its 52-week low of 7,210 on November 30, 2023.

The Average Directional Index (ADX) stands at 13.01, indicating a weak trend. The Relative Strength Index (RSI) is at 42.49, suggesting the stock is neither overbought nor oversold. The Stochastic %K is at 25.99, and the Stochastic RSI Fast is at 13.53, both indicating a bearish momentum. The Moving Average Convergence Divergence (MACD) level is at 0.85, showing a mild bullish signal. The Commodity Channel Index (CCI) is at -110.38, indicating the stock is in an oversold condition. The Awesome Oscillator is at -0.66, suggesting a bearish momentum. The Williams Percent Range (WPR) is at -93.22, indicating the stock is in an oversold condition. The Bull Bear Power is at -316.35, indicating a bearish trend. The Ultimate Oscillator is at 36.94, suggesting a neutral momentum.

The stock is trading below its Exponential Moving Averages (EMAs) for 10, 20, 30, 50, 100, and 200 periods, indicating a bearish trend. The Simple Moving Averages (SMAs) for 10, 20, 30, 50, 100, and 200 periods also show a bearish trend. The Ichimoku Base Line is at 10,582.25, and the Volume Weighted Moving Average (VWMA) for 20 periods is at 10,585.19, both indicating a bearish trend. The Hull Moving Average (HMA) for 9 periods is at 10,385.3, indicating a bearish trend.

The stock is trading below its Classic Pivot Point of 10,383.78, indicating a bearish trend. The Camarilla Pivot Point is at 10,383.78, and the Fibonacci Pivot Point is at 10,383.78, both indicating a bearish trend. The Woodie Pivot Point is at 10,375.46, indicating a bearish trend.

The Average True Range (ATR) for the past 14 days is 417.16, indicating a high level of volatility.

In summary, the technical indicators suggest a bearish trend for Bajaj Holdings & Investment Limited's stock. The stock is trading below its key moving averages and pivot points, and the momentum indicators are showing bearish signals. Investors should exercise caution and monitor the stock closely for any signs of trend reversal.