Bajaj Auto Limited is an Indian manufacturer of motorcycles, scooters, auto rickshaws, and recently cars. It is the world's sixth largest motorcycle manufacturer and India's largest exporter of motorcycles and three-wheelers, with exports accounting for approximately 35% of total sales. Bajaj Auto has a large distribution network across 50 countries in Latin America, Africa, Middle East, South and Southeast Asia, with a dominant presence in several markets. Technically, the stock finds support at 2155, the 38.2% Fibonacci retracement level of its recent bull run. It is recommended to buy the stock with a price target of 2500 and stop loss of 2130.