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
AJANTPHARM 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...
It has given Wedge Pattern breakout on the daily chart. ADX also indicating strong upside movement expected. RSI also confirming the continuation of the bullish movement. We can expect price movement up to 2365 as the target of Wedge Pattern.
This 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...
so safe trader should exit now and enter again if it breaks 220-2300 lvl in weekly time frame
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so much compression is there and it is going to bump with supply zone where so many selling...
IT GAVE SYMMETRICAL TRIANGLE BREAKOUT + RETEST DONE !!
POSSIBLE TARGETS ARE:
1) 1840
2) 2030
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
I will go LONG on AJANTPHARMA because:
The price is forming a Chanel Pattern .
The price is also under Support/Resistance zone.
It has touched the support (lower end of trendline ) and may reach the resistance zone (upper end of trendline ) .
Target would be the Resistance area . Book profit when it reaches the resistance zone .
Entry - 1638/1578
Target -...
Ajanta pharma is looking strong now and should breakout now.
The immediate target is looking at 1758 in about two weeks time.
You can write to me for short and long terms ideas of good stocks.
this is just for educational purpose only.
M had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored
W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.
