AJANTA PHARMA LTD.

Short

Ajanta Pharma - Head and Shoulder Pattern Setup

Updated

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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