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Pharmaceuticals

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
1
Buy Aarti Drugs 780-830Waiting for a pullback to enter this stock Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. The stock broke out of a 5 year high with extremely high volume which is seen after 5 years. it's a good sign. on the daily chart, you will see up days are on higher volume and down days are on lower volume plus there are more green bars than red bars Fundamental: This stock shows pretty okay sales and profit growth. 5 years of sales growth - 8.4% 5 years of profit growth - 6.3 Margins are 15%, near an all-time high of 16%, %, If the margins sustain or go higher we can see higher profits and further price appreciation TTM earnings up 56%
NSE:AARTIDRUGSLong
by InfinityCapital
3
Buy Astec on pullback. Pilot position at 532I took a pilot position at 532and I will be looking to add at minor corrections Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars. Fundamental: This stock shows excellent sales and profit growth. 5 years of sales growth - 15.8% 5 years of profit growth - 31.38% Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up. Debt is down by 43% since last year, its a good sign. TTM earnings up 41%
NSE:ASTECLong
by InfinityCapital
2