Despite a 5% drop in a month, Bajaj Auto holds strong technical support at ₹8,300, says analyst Deepak Pal. The stock trades above key EMAs and could test ₹8,750-8,800 if momentum sustains. Fundamentally strong, with a 24% ROE, zero debt, and a rising EV focus, the firm offers a dividend yield of 3.5-4%. Retail sentiment, however, remains bearish, he added.