Ajanta Pharma - Head and Shoulder Pattern Setup
It is been observed on the daily chart that the price action forms a Bearish Head and Shoulder pattern where sellers are active in the market and put much pressure on buyers to push prices down. Now it shall further move down as the pattern indicates.
Target 1: 1800
Target 2: 1785
Target 3: 1760
Stoploss: 1920
Target 1: 1800
Target 2: 1785
Target 3: 1760
Stoploss: 1920
Trade active
Trade closed: target reached
Target 1 and Target 2 reached successfully, RegardsTrade closed: target reached
All Targets reached successfully. Now reaching to support zone as marked. Regards
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