AJANTA PHARMA LTDEducation
Strong Downtrend in AjantaPharma
Hello,
AS you can see in the hourly chart this stock is in strong downtrend from 1074 level on the hourly chart. If Ajanta pharma will not sustain above 980 on the hourly chart then it may test lower levels @ 920 and 900.
If it will sustain above 980 then also there is a major resistance @ 1000-1010 level.
In this scenario, the best way to trade is sell 1000 call.
AS you can see in the hourly chart this stock is in strong downtrend from 1074 level on the hourly chart. If Ajanta pharma will not sustain above 980 on the hourly chart then it may test lower levels @ 920 and 900.
If it will sustain above 980 then also there is a major resistance @ 1000-1010 level.
In this scenario, the best way to trade is sell 1000 call.
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