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Shares of Bajaj Auto Limited fell as much as 1.99 per cent and broke the support of Rs 2,947.17.
It also broke below its 50-day exponential moving average a bearish sign.
Experts said that the breakdown suggests the stock may test the next support at Rs 2,846.42 in the near term.
The stock rose 9.3 per cent this year as of the last close.
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