AmanSinha

Is AJANTPHARM set to rally ?

Long
NSE:AJANTPHARM   AJANTA PHARMA
NSE:AJANTPHARM
On the previous trading session ajantpharm closed at 1043.05 and has rallied up by 5.7% with an unusual volume of 1.8 million shares being traded and closing above 50 day EMA moving to the upper circuit of Bollinger Bands . There was also a huge Open Intrest build up of about 22.05% near the strike price of 1045 indicating a long build up . With the next major resistance line at 1190 , is Ajanta Pharama about to rally .
Please coment down your opinions on it .
Trade closed manually
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