Ajanta Pharma - Rangebound stockTook support at shown level.
Go long at this level or on dips if possible.
Target - 1809
Stop loss - 1709
AJANTPHARM trade ideas
ajanta pharma 1798/1829stock alternating between higher and lower band of the side ways and bb channel
and in that process making a similar pattern on lower levels
going by this stock looks good for up side towards 1798/1829
sl 1745
Ajanta Pharma Equityboss EntryThey have asked to buy right?
I will say it will fall more till it's major support to bounce back. So why catch a stock is a downtrend when you can catch it in an uptrend?
AJANTAPHARMA...Triple Top FormationOn Daily Chart AJANTAPHARMA has formed Triple Top Formaton. Breaching the neckline on closing basic can add more pain this stock . Keep this on your radar .
AJANTAPHARMA : A Neutral ViewDear Reader,
The stock of Ajanta Pharma has witnessed a long "Bull Run" since its low of 6.04 made on 9th April,2009, and looks like there still remain space for its bigger "Bull Run" in years to come than what has been witnessed untill date. It will be too early to predict the future price of it as of now. However, I have tried my level best placing possible wave counts, at various degrees of time cycle, for the further reference of the readers, in the chart shown below this post.
For now, the stock of Ajanta Pharma looks to be in a corrective zone and possibly forming a double (WXY) or triple (WXYXZ) zigzag kind of complex corrective pattern, as shown in the chart above. Those who follow Wave Principle would recognize the same, and their opinions, critiques and comments are welcome.
From the top of 2125 to the low of 1526.65, wave "A" (circled), giving due consideration to its internal wave counts looks to be an impulsive wave. The counter trend of this current fall has already retraced more than 50% of this total fall at 1832. Besides, the stock can be bought only it it crosses above the resistance line drawn. The resistance point of this line is around 1825, the 50% retracement point of the total fall of 598.35 (2125-1526.65).
The stock may inch up further, if it crosses resistance line, to the target of 1896 & 1996, being 61.80% and 78.60% retracement level. However, one should be cautious before entering into the stock on longer side and keep 1800 level as stoploss for the long position taken after the breach of the resistance line.
Secondly, the stock of Ajanta Pharma can be sold once the support line of the triangle, drawn on MACD chart, is breached or if the histogram of MACD turns out negative. So, wait and watch on which side the stock opens up the opportunity for, "buy or sell?".
Below is the monthly chart of the stock of AJANTAPHARMA.
Disclamer:
All views, charts, comments, post or any materials of any kind discussed, published, posted and/or commented are for educational purpose only and not meant to be an advice to trade.
ajantha pharma finally breaking out of range break out seen in ajantha pharma on can look into this stock for a tgt of 1900 with sl at 1750
Ajant Pharma Go short for day trading The Gap is about to fill , if Price brakes current support below 1815 one can go short for target of 1800 With SL 1820
Since the Gap is about to breech and have to filled
Cheers
Ajantapharma - Preparing for upmove!Ajantapharma has broken 1.long term downward trendline 2. long term downward channel 3.Triangle. Price was consolidating inside the triangle for a long time. . After taking support at 1680 - 1700 levels price has broken the triangle indicating bullishness. Buy Ajantapharma above 1750 with the stoploss of 1730. Targets are 1835, 1870 and 1900. However the price may pullback a little as there is hidden bearish divergence. . Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH).
Potential Bump run and reversal pattern spotted in AjantapharmaPossible dump bump and run reversal has been spotted in Ajanta pharma. Break of blue dashed line confirms the reversal and red dashed lines indicate possible targets.
Good luck to y'all !
PS: I am long in cash from Thursday.
Ajanta Pharma approaching channel support 1611Ajanta Pharma has been trading in downtrend channel, it has been approaching towards support of channel 1611 in near term as 50% fibo level 1st target.
Ajanta Pharma LONG Descending Triangle 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 formed in Ajanta PharmaBearish ABCD formation in Ajanta Pharma might push the price to 1101 level. I would wait further for any long term investment.
Ajanta Pharma may trade toward support Aanta Pharma has been trading in down trend in a channel it retesting the channel resistance,traders may enter short with a target of 1660 in near term as 50% crucial fibo level.
buy callearlier we saw a bullish engulfing pattern there and now a bullish harami pattern there with bullish divergence and price above 8 ema and price can test the level 1900
Ajanta Pharma - Head and Shoulder Pattern SetupIt 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
AJANTHPHARM Price action ReversalAjantha pharma which is trading near a weekly trend channel limit, if finding trouble to cross the flipped supported. last day candle is bearish engulfing candle. so any thing below the low can be shorted with sl above the high for the trendling bottom.
Entry 1857
SL 1930
Target 1595
Very good risk reward possible.
Ajanta Pharma Breaks Above Ascending TriangleIt 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 another resistance levels at around 1940-1960 levels.
Target1: 1880
Target2: 1940
Stoploss: 1800
Head and Shoulder pattern. More downside possible.Head and Shoulder pattern. More downside possible. Ajantha Pharma is a short with a stop loss of 1885.
