NeeteshJain

Ajanta Pharma - Head and Shoulder Pattern Setup

Short
BSE:AJANTPHARM   AJANTA PHARMA LTD
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
Trade active
Trade closed: target reached: Target 1 and Target 2 reached successfully, Regards
Trade closed: target reached: All Targets reached successfully. Now reaching to support zone as marked. Regards
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