AjantaPharma - Chartpicks

As per Weekly Charts Ajanta Pharma already formed HNS during a uptrend.
1. HNS Breakdown confirmed during mid of 2018 but there seems to a long term support near 900 levels.
2. It faces resistance near 50EMA in weekly charts and the momentum in RSI is along resistance at the exact same location.
3. It faces resistance near 200MA in Daily charts also.
4. The Green line represents long term support.
5. Orange lines represents Descending Triangle . So it may break either side, keep in watchlist for long above 50EMA and short below the Green or Orange line.

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