The 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
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.
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It 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 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..
so 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...
a good share with price action trade for 27-1-21
share is taking continous support at 1700
52 week high is 1840
intiate long if it touches 1700
if crosses 1800 can hold till 1820-1830
