Ajanta pharma - bullish triangle

Aug 8, 2020

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.

Aug 8, 2020

Comment

Please also note that this is an NR7 Candidate. So take entry accordingly

Aug 11, 2020

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