AJANTPHARM trade ideas
Ajanta Pharma 'Pennant Pattern' breakoutAjanta Pharma 'Pennant Pattern' breakout
Lookout for the resistance at Rs. 2050
#AJANTPHARM .. A Highly optimistic - long term viewAJANTPHARM has made a rounding bottom pattern over last 4 years.. Stock is finally trading just below neckline in a symmetrical triangle.. (clearly seen on daily chart)
Any bullish breakout (with Volumes) will most likely break both symmetrical triangle and neckline resistances. .which will be a very bullish move... However, it is also likely that it might get rejected and have a bearish breakout ... That would most likely lead to a handle formation over the next year or so..
I think it will be interesting to watch how this would play out..
Disclaimer: I do not know the future and neither do you .. We can only hypothesise based on what we see on the chart now.. Things might completely change in a month...
Expecting Breakout ✌✌I already Posted this scrip in this platform but yet not moved. But this time Again we expected to give reakout. So traders, keep on your and enjoy the profit.
Ajanta Pharma-Dark HorseAjanta Pharma can prove to be a dark horse among pharma pack. Results were good for March 21 so should on radar. Currently consolidating in a box and if the levels of 1970-80 are sustained then we are looking at 2500+.
Ajanta Pharmaajanta pharma cmp : 1955
Its heading higher. Close above 1970 will add further momentum.
Tgt 2046. SL close below 1908 on closing basis.
Waiting For Triangle Breakout ✌✌This scrip is ready to Fly within 2 To 3 Days as it is forming Triangle Pattern. Let's guys kindly keep on your radar expecting Breakout.
Breakout and retestThe stock has tested resistance level multiple times. Broke it, now retesting.
Can be bought at current levels or post-breach of 2047 for possible targets of 2122/2191
Note: Educational purpose
AMRUTANNANFor Educational purpose Not for trade Details On Chart
weekly break out and retest stop loss jst below last candle low
Ajanta Pharma - CMP: 1947 "A Love Story"It has given Wedge Pattern breakout on the daily chart. ADX also indicating strong upside movement expected. RSI also confirming the continuation of the bullish movement. We can expect price movement up to 2365 as the target of Wedge Pattern.
AJANTAPHARMTrading in a range and Inverted H & S Pattern in development. If Nifty and Bank Nifty falls in coming days, pharma index is rise.
FY21-22 Swing Trade Idea #9 : Long on AJANTPHARMThis is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. We would comment on any further updates on our entry, targets and stop-loss on this idea, so make sure to follow it if you want to get further updates. Our objective to help anyone who wants to learn technical analysis using charts. You can post your queries in comment section here and we will try to answer asap.
Inverted Head & Shoulder | Ajanta PharmaAll Levels are mentioned in the Chart. Make sure to keep your Risk Management in check.
Question on Ajanta PharmaIt created lot of Doji's, Very volatile during the day
Anyways , For medium term remain bullish till trading within Pith fork
Breaking down may bring weakness.
Use Pithfork for future support and resistance
AJANTHAPHARMA 1D analysisAjanthapharma is getting quiet a bit of support and resistance while forming a triangle pattern
The stock is clearly i an uptrend and It's currently defending the support
if it defends the support then it's likely to reach the resistance level i.e.1880-90
I'm not a SEBI certified analyst, This analysis is solely for educational purposes..
ajanta pharmaso safe trader should exit now and enter again if it breaks 220-2300 lvl in weekly time frame
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so much compression is there and it is going to bump with supply zone where so many selling orders are waiting
and also 7th wave will be completed there and then for 8th wave it will fall to the fresh zone near 750
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if some thing changes i will update
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thanks....
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Ajanta pharma LongAjanta pharma,1 DTF,almost taken support at bottom of channel pattern. Ready to move upward, keep watching
