AJANTA PHARMA LTDBuy Ajanta above: 3351 only.
All important points are marked.
𝐃𝐢𝐬𝐜𝐥𝐚𝐢𝐦𝐞𝐫: 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐢𝐧 𝐬𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭 𝐚𝐫𝐞 𝐬𝐮𝐛𝐣𝐞𝐜𝐭 𝐭𝐨 𝐦𝐚𝐫𝐤𝐞𝐭 𝐫𝐢𝐬𝐤𝐬, 𝐫𝐞𝐚𝐝 𝐚𝐥𝐥 𝐭𝐡𝐞 𝐫𝐞𝐥𝐚𝐭𝐞𝐝 𝐝𝐨𝐜𝐮𝐦𝐞𝐧𝐭𝐬 𝐜𝐚𝐫𝐞𝐟𝐮𝐥𝐥𝐲 𝐛𝐞𝐟𝐨𝐫𝐞 𝐢𝐧𝐯𝐞𝐬𝐭𝐢𝐧𝐠. 𝐒𝐭𝐨𝐜𝐤𝐬 𝐬𝐮𝐠𝐠𝐞𝐬𝐭𝐞𝐝 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐠𝐫𝐨𝐮𝐩 𝐚𝐫𝐞 𝐟𝐨𝐫 𝐞𝐝𝐮𝐜𝐚𝐭𝐢𝐨𝐧 𝐩𝐮𝐫𝐩𝐨𝐬𝐞. 𝐖𝐞 𝐝𝐨𝐧𝐭 𝐦𝐚𝐤𝐞 𝐚𝐧𝐲 𝐩𝐫𝐨𝐟𝐢𝐭𝐬 𝐟𝐫𝐨𝐦 𝐭𝐡𝐢𝐬 𝐫𝐞𝐜𝐨𝐦𝐦𝐞𝐧𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐞𝐯𝐞𝐫𝐲𝐭𝐡𝐢𝐧𝐠 𝐬𝐡𝐚𝐫𝐞𝐝 𝐡𝐞𝐫𝐞 𝐚𝐫𝐞 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐥𝐲 𝐨𝐟 𝐟𝐫𝐞𝐞 𝐨𝐟 𝐜𝐨𝐬𝐭.
Ajantapharma
Ajanta Pharma looking good The stock has taken a support at 2175 around and can go upwards from here.
Talking about fundamental analysis, the stock has a net profit margin which fluctuates between 15-20% on yearly basis which is good for investment. The revenue has been increasing continuously for the past 5 years and the net profit looks good too.
Talking about the technical analysis, the stock is not in the overbought zone and has taken a support on the weekly chart itself.
CMP 2311
Can be held for a medium to long term perspective.
Note: This is not an investment advice, it is just an educational study from my perspective. I am not SEBI registered.
Swing Trading Opportunity in Ajanta PharmaRefer the chart for Entry,Target and SL.
NOTE: This trade is only for Equity Swing buy and not to be considered for options trading.
Please do follow Position Sizing and Risk Reward Ratio while planning any trades.
Note: This information is for education purpose only and please do your own research and consult your financial advisor prior to taking any action.
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Ajanta pharma at SupportThere is a one more stock Which is showing a great opportunity and forming descending triangle, stock is near support and ready to blast. what is your view please comment it down. We are NISM Certified. All views shared on this channel are my personal opinion and is shared for educational purpose and should not be considered advise of any nature.
AJANTAPHARMA - SWING TRADE - 23rd December #stocks#AJANTAPHARMA (1D TF)
Swing Trade Analysis given on 23rd December, 2023
Pattern: RECTANGLE BOX BREAKOUT
- Volume Spike Buildup - Done ✓
- Breakout of Resistance - In Progress
- Retracement & Consolidation - In Progress
#stocks #swingtrade #chartanalysis #priceaction #traderyte
AJANTA PHARMA - BULLISH MOVE IS ON!!!BUY - AJANTA PHARMA LTD
CMP - Rs. 1455
Target - 1: Rs. 1625
Target - 2: Rs. 1840
Target - 3: Rs. 1995
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Technicals - Bullish Triangle BO
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NOTE: Target - 1 will be achieved within 3 months, while Target 2&3 will be achieved within9 months.
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This is just a view by an expert analyst, please invest at your own risk.
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AJANTPHARM✅ Price Hole 1136-1155 level for a long time and 1 time also give false breakout for downside.
✅ After a very ling time Hold level and Consolidate in 1136-1240 range and now break.
✅ On 4hr.ly 1228-1240 you can look for Long on 1 hr./15.min. and proper reversal.
✅ But don't take very long target because 1322.1359 level is also a Multiple time tested level price will consolidate and then break. Better look on this level.
Go Long with Ajanta Pharma for swing trade Aggressive Traders can go long with Ajanta Pharma at CMP around 1300 with SL around 1250-1260 and target 1330, 1400 and final target around 1440-1460.
It may consolidate near 1460 for few days before next move.
Conservative traders should enter near 1190, if get chance, with SL around 1140. Target depends on next price action. Same targets can be considered if major selling pressure is not seen before reaching to entry point (1190).
DISCLAIMER:- I'm not SEBI Registered. Ideas shared here are my personal view and not to take trades, these are for educational purpose only. Please consult your investment/trading advisor before taking any position.
AJANTPHARMA - On Breakout Good bounce from the support level and about to break out from 4 months of consolidation.
SRT - level is also bouncing from 0.7 levels to 1.0
The past couple of days - strong committed volume with Effort move Up can be seen.
ADX is rising, just out of Squeeze.
Closed Bullish Engulfing
The weekly trend is turned from -ve to +ve.
Daily Close above 20-SMA
Weekly close above 20-SMA
Please spend time on your own research before investing.
AJANTPHARMA - Bounce above 2035Currently on a strong negative trend.
Today's volume is lowest in past 1 Year - daily volume. 10-D/M/3M/6M/Y- Low
Based on previous support -- possible to bounce back from the current level.
Need to wait to cross 2035 and can see 2095/2180 levels
-- This is my own idea/understanding & possible tukka 98% times.
Ajantapharma - Will it reach All Time High?Ajantapharma is forming a pennant pattern after a decent upmove
Stock is in consolidation phase
Expect the stock to reach ATH if the pennant is broken on the upside
Target - 2113
Stoploss - As per your risk appetite
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Please stay safe. Happy Trading!
Regards,
Segan