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Ajantapharma

#AJANTPHARM .. A Highly optimistic - long term viewAJANTPHARM has made a rounding bottom pattern over last 4 years.. Stock is finally trading just below neckline in a symmetrical triangle.. (clearly seen on daily chart) Any bullish breakout (with Volumes) will most likely break both symmetrical triangle and neckline resistances. .which will be a very bullish move... However, it is also likely that it might get rejected and have a bearish breakout ... That would most likely lead to a handle formation over the next year or so.. I think it will be interesting to watch how this would play out.. Disclaimer: I do not know the future and neither do you .. We can only hypothesise based on what we see on the chart now.. Things might completely change in a month...
NSE:AJANTPHARMLong
by Munchkunster
FY21-22 Swing Trade Idea #9 : Long on AJANTPHARMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
NSE:AJANTPHARMLong
by onerighttrade
ajanta pharmaso safe trader should exit now and enter again if it breaks 220-2300 lvl in weekly time frame ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- so much compression is there and it is going to bump with supply zone where so many selling orders are waiting and also 7th wave will be completed there and then for 8th wave it will fall to the fresh zone near 750 --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- if some thing changes i will update ========== thanks.... ==========
NSE:AJANTPHARMShort
by TRADING_DUNIYA
Ajanta pharma - bullish triangleThis 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.
NSE:AJANTPHARMLong
by FAHEEMSAM
Ajanta Pharma: About to cross Heavy supply zoneAjanta Pharma is near a strong resistance level. There is a heavy supply zone in 1600-1650 levels and scrip has tested these levels multiple times in past occurrences. Only on one occurrence, it crossed the zone with volume and attained above 2000 levels Now It has entered into the same zone again & This time supported by heavy volumes as well. The stock has seen good upmove recently due to Pharma indices moving higher in the wake of COVID-19. If scrip crosses & sustains above 1660 levels, there is a good chance it will go up to 1800-1850 in short term. If unable to sustain and falls below 1580, Ignore the long setup. Entry: above 1660 Target : 1850
NSE:AJANTPHARMLong
by finalyticsbreweries
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