Ajanta Pharma recovered pretty quickly from the lows during the coronavirus market meltdown. I have added this stock at 1430 & 1550 to my portfolio. I am looking to trade this actively. The current market scenario is favoring the pharma sectors and some stocks are setting up well. I will add more to my position if the stock continues to perform well.
We will also look for cues from the earnings side to see if there is some surprise on the profit side. Will keep you guys posted
We will also look for cues from the earnings side to see if there is some surprise on the profit side. Will keep you guys posted
Trade active:
Volume is drying up, a little thrust with volume would be positive. holding on with an SL 1390
Trade closed manually:
Closed at 1400. will look for re-entry if the price moves up in strong fashion
Value doesn't move stock prices, people do by placing buy orders. Value is only part of the equation. Ultimately, you need demand - Mark Minervini