Ajanta Pharma- 3000 possibleAjanta Pharma forming classing cup and handle pattern on monthly time frame. A break above 1800 on weekly closing will lead this to 3000 levels.
Stock requires patience so invest accordingly.
AJANTPHARM trade ideas
Ajanta Pharma hits 52-week highAjanta Pharma hits 52-week high on upbeat branded generic business outlook
The management is confident to scale up margins again in the coming years on the back of enhanced contribution from Branded Generics business and normalisation of freight costs
AJANTA PHARMA - BULLISH MOVE IS ON!!!BUY - AJANTA PHARMA LTD
CMP - Rs. 1455
Target - 1: Rs. 1625
Target - 2: Rs. 1840
Target - 3: Rs. 1995
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Technicals - Bullish Triangle BO
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NOTE: Target - 1 will be achieved within 3 months, while Target 2&3 will be achieved within9 months.
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This is just a view by an expert analyst, please invest at your own risk.
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AJANTPHARM- Weekly AnalysisIn the Weekly Chart of AJANTPHARM ,
we can see that; last week it has given breakout from W chart pattern.
Also. last to last week it gave breakout from Inverted Head & Shoulder.
This shows it is in very strong bullish momentum.
Let it retest and then enter with SL.
VIEW ON AJANTA PHARMAGood Daily as well a Weekly charts
Target 1530/1570
This is Positional view
Stop loss 1425
I am just representing my views\
For educational purpose only.
#AJANTPHARM Long #nifty #stockmarketindia #Stock looks good to buy at the break of trend line , the counter has formed abullish pattern after retracing 50 % of the upmove it has given from past few months , steady cashflow and momentum indicators suggesting a healthy upmove
Plots on the chart for referrence
AJANTA PHARMA BUY ABOVE 1275Ajanta pharma buy above 1275 only if it crosses on next candle with 1:2 minimun,Its a nice breakout + doji formation + trendline support + trend change
AJANTPHARM✅ Price Hole 1136-1155 level for a long time and 1 time also give false breakout for downside.
✅ After a very ling time Hold level and Consolidate in 1136-1240 range and now break.
✅ On 4hr.ly 1228-1240 you can look for Long on 1 hr./15.min. and proper reversal.
✅ But don't take very long target because 1322.1359 level is also a Multiple time tested level price will consolidate and then break. Better look on this level.
AJANTPHARM - 4% upside potentialAJANTPHARM has formed descending triangle pattern and breakout will confirm above 1285 level (15 min candle close).
Target: 1340+
SL: below 1270
Near Support Level. BUY!!!The resistance and support levels are drawn on chart.
Price is near support level and tested
So A definite buy.
Trade at your own risk.
Go Long with Ajanta Pharma for swing trade Aggressive Traders can go long with Ajanta Pharma at CMP around 1300 with SL around 1250-1260 and target 1330, 1400 and final target around 1440-1460.
It may consolidate near 1460 for few days before next move.
Conservative traders should enter near 1190, if get chance, with SL around 1140. Target depends on next price action. Same targets can be considered if major selling pressure is not seen before reaching to entry point (1190).
DISCLAIMER:- I'm not SEBI Registered. Ideas shared here are my personal view and not to take trades, these are for educational purpose only. Please consult your investment/trading advisor before taking any position.
AJANTPHARM Ascending triangle BO !!NSE:AJANTPHARM
#NSE:AJANTPHARM formed Ascending Triangle and got rejected twice by resistance.
Levels marked on chart for referrance.
Ajanta pharma VCP on chartVCP - Volatility Contraction Pattern by Mark Minervini
Levels are mentioned on chart, please wait for close above resistance line.
Disclaimer: I Am not SEBI registered
Ajanta Pharma - Flag Pattern Breakout with VolumeAjanta Pharma has given Flag breakout with volume. Keep in watchlist. It has resistance at 1326 if that breaks can reach 1390 in short term. Add in your watchlist.
Ajanta Buy around 1286 TGT 1303,1320 Sell below 1272 TGT 1256Trade is based on trendline analysis. Please do you own analysis before taking any trade.
Ajantpharm triangle pattern at breakoutAjantpharm triangle pattern at breakout level, looking good for short term growth.
Ajanta Pharma building long positionTranche 1 - 30 shares at 1765 on 5 April 2022
1. Market is in what stage - Identified by what kind of highs and lows that are being formed + movement of price w.r.t 21, 50 and 200 EMA
Price topped out July, then in range till Jan 2022 (2340 to 2000) broke down and bounced at 1700, came back to 1768
2. Is there any trend reversal in play?
1. Multiple divergence confirmations on MACD , RSI and MFI - Possibility on daily
2. At important support or resistance - horizontal - Yes - Yes long term resistance truned solid support at 1700
3. At important confluence of EMAs + price + support - Yes - around Weekly 200
3. How are the candlesticks behaving and what is the volume doing
Good buying when it had previously come at this level so expecting consolidation and bounce from here... plan to add more
4. Is there any trend continuation in play?
Looks like a bounce from a major support
5. Is there any pullback or breakout in play with volume confirmation from a strong horizontal level (support or resistance)
No pullbacks or breakouts as of now
6. Fundamental factors in play
1. Revenue growth - EPS vs PE ratio - last 5 years comparison - EPS rising Quarterly and Yearly... because of better sales... OPMs is consistent... also PE ratio to EPS is very very attractive since 2019
2. Are institutional investors/promotors increasing their stake - Stake consistent mostly slight increase in DII and slight decrease in retail
AJANTPHARMA - On Breakout Good bounce from the support level and about to break out from 4 months of consolidation.
SRT - level is also bouncing from 0.7 levels to 1.0
The past couple of days - strong committed volume with Effort move Up can be seen.
ADX is rising, just out of Squeeze.
Closed Bullish Engulfing
The weekly trend is turned from -ve to +ve.
Daily Close above 20-SMA
Weekly close above 20-SMA
Please spend time on your own research before investing.
AJANTAPHARMAStock looks good for a an up move short term
Disclaimer:
The content of the idea and the interpretation of data are solely my personal views which being said I do not warrant its completeness or accuracy.
This idea published is purely intended for educational and informative purposes, I urge traders to make their own trading decisions based on their specific trading objectives and financial position
Buy Ajanta pharmaBuy Ajanta Pharma 1768, till 1730 for 1810, 1850 and 1900 range. Perfect accumulation with bullish crossover on technichal indicators, MACD, EMA. Invalid below 1700 onclosing basis. With Nifty fallen 1000 points but it is getting accumulated.
Long #AJANTAPHARMA , SL - 1720Swing trading, Trade idea is only for Educational Purpose, Pls do your own research before taking any trade.
AJANTPHARMA - Bounce above 2035Currently on a strong negative trend.
Today's volume is lowest in past 1 Year - daily volume. 10-D/M/3M/6M/Y- Low
Based on previous support -- possible to bounce back from the current level.
Need to wait to cross 2035 and can see 2095/2180 levels
-- This is my own idea/understanding & possible tukka 98% times.
