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FAHEEMSAM

Ajanta pharma - bullish triangle

Long
AJANTA PHARMA (NSE:AJANTPHARM)  
FAHEEMSAM Updated   
NSE:AJANTPHARM   AJANTA PHARMA
Trend Analysis Chart Patterns Wave Analysis ajantapharma ajanthapharma price priceaction action pharmaceuticals pharmastocks buysignal buliish
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trendanalysis chartpattern waveanalysis ajantapharma ajanthapharma price priceaction action pharmaceuticals pharmastocks buysignal buliish
This chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.

  • Wait for the breakout.
  • Confirm it is clear breakout with volume.
  • Buy with the help of technical indicators like macd, moving average, pivot points etc
  • Or you could wait for a retracement and buy at retracement (if it happens)

Beware : Please keep in mind and stay away from False Breakout Traps.
Also this is not any recommendation. Trade at your own risk.
Comment:
Please also note that this is an NR7 Candidate. So take entry accordingly
Trade closed: target reached:
clear breakout followed by a retracement. retracement at support that previosly acted as support. this retracement will have a lot of buying opurtuinities i guess
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