NSE:AJANTPHARM #NSE:AJANTPHARM formed Ascending Triangle and got rejected twice by resistance. Levels marked on chart for referrance.
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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...
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Daily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details. Vijayaraghavan.K, Kovilpatti.
Ajanta Pharma can be bought for short term with strict SL as 1360.
AJANTPHARM has been facing resistance at the channel top and upside looks capped. Those who went long its time to book partial profit and hold rest of the position with SL below 1520. AJANTPHARM test the channel median and bottom in the days to come.
Pick AJANPHARMA as mid to long term investment. Targets and SL on the chart
AJANTAPHARMA looking good to go Long above 1806. Target - 1830
Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.
Bearish ABCD formation in Ajanta Pharma might push the price to 1101 level. I would wait further for any long term investment.
It is been observed on the daily chart that the price action forms a Bearish Head and Shoulder pattern where sellers are active in the market and put much pressure on buyers to push prices down. Now it shall further move down as the pattern indicates. Target 1: 1800 Target 2: 1785 Target 3: 1760 Stoploss: 1920
It is been observed on the hourly chart that the price action breaking above an Ascending Triangle formation, indicating a bullish signal ahead. It has broken the previous resistance levels of 1830-1840 which also indicates and confirms a bullish signal ahead. The target is been measured as per the triangle formation guidelines which also confluence with the...