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AJANTPHARM

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.
NSE:AJANTPHARMLong
by rokosbasilisk123
AJANTPHARM | Swing Trade📊 Details Ajanta Pharma is primarily engaged in development, manufacturing and marketing of speciality pharmaceutical quality finished dosages.(Source : 202003-01 Annual Report Page No:70). Disclaimer: This analysis is solely for educational purposes and does not make me a SEBI registered analyst. If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you. 🔍 More Analysis & Trade Setups 🔍 For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
NSE:AJANTPHARMLong
by Munish_Jain
EMA 20 Strategy Unveiled with AJANTPHARM AJANTPHARM, a leading pharmaceutical company, has recently seen its stocks take a dip, positioning perfectly into the EMA 20 strategy that I'm about to unveil. Before we dive into our analysis, let's ensure we understand the strategy. 📚 The EMA 20 Strategy Explained Identify an Uptrend: Look for a Higher High-Higher Low structure. Ensure the EMA 8 lies above the EMA 20. Watch for a candle that touches the EMA 20. Wait for the next candle to close higher than the previous one's close (should be above ema 20). Confirm the Higher High-Higher Low structure remains intact. Analyse Weekly & Monthly Zones: Reject trades in the Supply Zone (SZ) but consider ones in the Demand Zone (DZ). 📈 AJANTPHARM's EMA 20 Story Given AJANTPHARM's recent trading at an all-time high with no higher timeframe supply zone, it's positioned favourably. Recently, the price closed below the EMA 20, only to rebound and close higher the next day. With the 8 EMA positioned above the 20 EMA, this stock is an ideal candidate for the EMA 20 strategy. This strategy can be deployed for stocks at an all-time high or those on a healthy uptrend. ✨ Why EMA 20? Algo traders have let slip that many among them use the daily EMA 20 for stock entry decisions. This insight has rendered the EMA 20 a potent magnet for trending stocks. However, before deploying this strategy, ensure that the stock price respects the EMA 20. 💰 Strategy in Action Place your stop loss (SL) below the pullback candle's low. Plan your buy entry above today's high, targeting a risk-to-reward ratio of at least 1:2. If you've found this analysis helpful, please hit the 🚀 icon, leave a comment, and follow my profile for more insights! Thank you for your continued support and feedback. Always strive to improve and keep learning. Dive deeper into my analyses and strategies at in.tradingview.com 💡 Tip : This strategy shines with stocks at all-time highs or those experiencing a solid uptrend. “Trade with passion, not with emotion.” 💡 Please note, this analysis is for educational purposes only. I am not a SEBI registered analyst.
NSE:AJANTPHARMLong
by AfnanTAjuddin
7
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