Sensex, Nifty, Share Prices Updates: The short-term outlook is bullish for Bajaj Auto. The price action since the beginning of this year indicates an inverted head and shoulder bullish reversal pattern. Strong support is around ₹8,900 where the neckline of the pattern is also poised. Moving average cross overs on the daily chart also strengthens the bullish case. All these factors indicate that the downside could be limited.