DSIJ Mindshare

Bajaj Auto Trades above 200D SMA as auto stocks gain momentum

Yogesh Supekar 0 740 Article rating: 3.9

The shares of Bajaj Auto gained by 1 per cent on Thursday; also managing to trade above its 200D SMA on an intraday basis. The share prices crossing the 200D SMA indicates bullishness in the counter as the one can expect the long-term trend to be positive once the stocks cross the 200D SMA from below.

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