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
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
Excellent Boss
Super Duper Call Sir
Looks like Ajanta approaching below 1800.
If you can analyse Auro. It seems to be breaking weekly support
+1 Reply
@ashpats, Yes, it shall reach out to it by tomorrow. I have put Auropharma in my check list, will update you. Regards
ashpats NeeteshJain
@NeeteshJain, Thanks
ashpats ashpats
@ashpats, 1800 BROKEN
+1 Reply
@ashpats, Yes, it did perform well. Sellers are active. Regards
ashpats NeeteshJain
@NeeteshJain CONGRATS.
sir perfect analysis downside impulse seems may be tom or on monday as per ichimoku also
+1 Reply
@sandy, Yes, it shall move further down. Regards
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