After the previous run , stock has gone into a consolidation & formed a bullish triangular structure. The breakout of the structure suggests , sail has more upside in the coming session . Look for the target of 105 levels . SL should be maintained at 86
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
I WILL LOOK AT BUYING OPPORTUNITIES AT ABFRL because :
It is forming a expanding channel pattern .
It has been taking the support of the lower trend line .
Now the price may reach its support level so will be looking at buying opportunities.
Entry : 160/157/153
Target : 204
Stop loss : 140