Ajanta Pharma Breaks Above Ascending Triangle

It is been observed on the hourly chart that the price action breaking above an Ascending Triangle formation, indicating a bullish signal ahead. It has broken the previous resistance levels of 1830-1840 which also indicates and confirms a bullish signal ahead. The target is been measured as per the triangle formation guidelines which also confluence with the another resistance levels at around 1940-1960 levels.

Target1: 1880
Target2: 1940
Stoploss: 1800

Nov 29

Trade active

Nov 29

Trade active

Nov 30

Trade closed: target reached: Target 1 reached successfully. Regards