Ajanta Pharma Limited
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Trade ideas
Is AJANTPHARM set to rally ?NSE:AJANTPHARM
On the previous trading session ajantpharm closed at 1043.05 and has rallied up by 5.7% with an unusual volume of 1.8 million shares being traded and closing above 50 day EMA moving to the upper circuit of Bollinger Bands . There was also a huge Open Intrest build up of about 22.05% near the strike price of 1045 indicating a long build up . With the next major resistance line at 1190 , is Ajanta Pharama about to rally .
Please coment down your opinions on it .
[Positional] Ajanta Pharma ContinuationI did a bad mistake on gambling the direction of the trade breakout. So the first trade ended in a bad loss but trade can be taken back again!
#AJANTAPHARMA CASH : MAKE OR BREAK LEVEL IS 1000 IN CASH#AJANTA PHARMA CASH
13 MARCH 2019
MAKE OR BREAK LEVEL 1000
IF ABLE TO HOLD IT WILL ZOOM UP
ELSE WILL C SHARP SELL OFF
CMP 1010
Ajanta Pharma : BreakdownNSE:AJANTPHARM
Ajanta Pharma has given breakdown from short term trend line.
Also it is trading well below 200 DMA.
If starts trading below Friday low then there are some more down side is expected.
Long This one i am looking with possibility
01) it will brake out form current small flag and then start moving up side towards the forecast target
02) it can go down little more and make a double bottom and then start moving up side
Notice in both the case the probability of moving up is very clear
How it will move i dont have idea , but i am looking to enter only for long trade set up , and for sure i will not sell at this low ,
Look for proper buy set up
Good luck
AJANTA PHARMA AJANTA PHARMA Trades using Blue Sky Plus Indicator. Message or Comment to get a free trial of the indicator.https://www.tradingview.com/script/lqS4a5pU-Blue-Sky-Plus-Day-Positional-No-Repaint-with-Alerts/
AJANTPHARM MADE DOUBLE BOTTOM IN DAILY CHART WITH HAMMER CANDLE AJANTPHARM MADE DOUBLE BOTTOM IN WEEKLY AND DAILY CHART, IN WEEKLY AND DAILY CHART, MADE HAMMER CANDLE AFTER DOWNTREND WHICH MEAN SELLER ARE EXHAUSTED, RSI AT 29, ADX IS SHOWING POSITIVE DIVERGENCE, I THINK IT WILL TEST 21 EMA, POSITIONAL VIEW FOR THIS FEB CONTRACT 1ST TARGET = 1040 AND SECOND TARGET IS 1100
head and shoulder pattern is seen in Ajanta pharma in head and shoulder pattern u sell when neck line is breach . conservative target is height of the right shoulder.
ajantha pharma inside bar, long trade on PDHajantha pharma inside bar,
short on PDL 952,
long on PDh 976
#AJANTAPHARMA CASH : LOOKS GOOD ABOVE 980 #AJANTHAPHARMA CASH
10 FEB 2019
LOOKS GOOD ABOVE 980
& DIPS 974-975 IF ANY
STOPLOSS 960
TGT 998-1000/1015
CMP 960.90
