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...
Ajanta 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...
nice pullback trade ONLY FOR EDUCATIONAL PURPOSE
POSITIVE BREAKOUT AFTER 4 YEAR SELL OFF. BUY IN RANGE OF 1200-1300. TARGET EXTREME HIGH ONCE CLOSE ABOVE LIFE TIME HIGH. SWING TRADER CAN BUY FOR SHORT TERM
Ajanta Pharma has formed a flag pattern. Possible Target of 1882 in 17-18 trading sessions. Strong volume increase, breakout on MACD & RSI gives signals for upside target. Price breakout on 10 & 21 DEMA. T1=1590; T2=1882 SL=1110
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 7-10 times.
HOW BEAUTIFULLY SUPPORT BECOMES RESISTANCE AND RESISTANCE BECOME SUPPORT
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 15 to 20 times.
Ajanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.