Bajaj Auto Eyes ₹9,900 Target Amid 10% Pullback; Should You Buy Now?
Bajaj Auto [BAJAJAUT] has corrected 10% from recent highs but maintains support above its 200-day moving average, signalling a potential accumulation opportunity with upside targets of ₹9,900 within 2-4 months.
Bajaj Auto Eyes ₹9,900 Target Amid 10% Pullback; Should You Buy Now?
Bajaj Auto [BAJAJAUT], one of India's leading two-wheeler and commercial vehicle manufacturers, is presenting a compelling buying opportunity after a 10% decline from its February 2026 highs. Despite the recent weakness, the stock's ability to sustain levels above its 200-day moving average (200-DMA) suggests underlying strength and potential for renewed upside momentum.
Technical Setup Favours Accumulation
Market analysts are increasingly bullish on the dip, with consensus leaning towards accumulation rather than panic selling. The shift from distribution to accumulation phases indicates smart money entering at lower levels, a classic sign of accumulation in advance of a rally.
The stock's resilience above the 200-DMA is particularly significant, as this long-term moving average often acts as a key support zone for established performers. Breaching this level would typically signal a deeper correction, but its maintenance suggests the downtrend is likely temporary.
Growth Drivers and Valuation
Bajaj Auto's fundamentals remain intact, backed by strong demand in the two-wheeler segment and steady commercial vehicle orders. The company's dividend track record and cash generation capabilities continue to attract dividend-seeking investors, particularly during market volatility.
The 10% correction has made the stock more attractively valued, offering an entry point for investors who may have missed recent highs. Improving momentum indicators suggest the worst may be behind us.
Target and Investment Horizon
Experts are eyeing a target price of ₹9,900 over a 2-4 month timeframe, implying meaningful upside from current levels. This represents a potential return of 8-12% depending on entry points, making the risk-reward asymmetric in favour of bulls.
Investors with a medium-term horizon should consider accumulating on dips, particularly near 200-DMA support levels. However, any decisive breach below this level would warrant a reassessment of the bullish thesis.
Final Thoughts
Bajaj Auto's current setup offers an attractive risk-reward for value-conscious investors. The combination of technical resilience, fundamental strength, and consensus bullish sentiment suggests this dip is a buying opportunity rather than a red flag.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Stock market investments are subject to market risks. Please consult your financial advisor before making any investment decisions. StockTips.in is not a SEBI-registered investment advisor.