AJANTPHARM trade ideas
Ajanta Pharma { charts looking strong ] Hello Traders
Ajanta Pharma is on verge of breakout , expecting good upside if breaks mentioned level.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
SWING CALL STRONG MOMENTUM AJANTA PHARMA BUY AJANTAPHRMA IN DIPS NOW 1560.30 SL 1427 TARGET 1700
Over the last 5 years, revenue has grown at a yearly rate of 12.45%, vs industry avg of 6.95%
Over the last 5 years, market share increased from 0.95% to 1.22%
Over the last 5 years, net income has grown at a yearly rate of 8.58%, vs industry avg of 2.42%
AJANTA PHARMA AJANTA PHARMA.long term breakout and thn retest with less volues again out of the retracement
AJANTA PHARMA ANALYSIS 29.09.2020BUY 1589 TO 1578,1535
TARGET 1590 TO 1650
ONCE IF BREAK AND CLOSED ABOVE 1590 NEXT TARGET 1650
LAST CANDLE CLOSED ABOVE RESISTANCE LINE IT TAKE SOME RETEST MOMENT.SO WAIT AND WATCH .
AJANTA PHARMA: HIGHER HIGHS HIGHER LOWAjanta pharma during the downtrend made Lower Highs with a flat Low and thus a triangle formation.
The breakout of the triangle started the uptrend.
In an uptrend, it is following a Higher High, Higher Low formation.
During both the trends, every upmove followed by strong correction waves...
HIgher High Higher low is kind of making a parallel channel, corrective wave stopped on the lower line of the channel & moved upwards.
Next resistance level is near 1720 that would be our 1st target,
T1: 1715-1725
T2: 1850-1860
#AJANTAPHARMAnother classic example of IC MC BO powered by Shunting
The stock touched 1634 which is also the previous SC wick high
Ajanta Pharma - Positional Buy till ATHM had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored
W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.
Ajantapharma looking good on the charts...!!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
28 AUGUST AJANTAPHARM SHORT SELLDisclaimer: We Are Not SEBI Registered.
All Information on chart are for educational purpose.
SELL @ 1580 TGT 1560, 1530+++
SL 1595
Ajanta pharma - bullish triangleThis chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.
Wait for the breakout.
Confirm it is clear breakout with volume.
Buy with the help of technical indicators like macd, moving average, pivot points etc
Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps .
Also this is not any recommendation. Trade at your own risk.
ROUNDING BOTTOM BREAKOUTAJANTA PHARMA makin rounding bottom pattern break out ....huge potential upside for long term buy n hold for long term sl 1575
Ajanta Pharma- Cup & Handle FormationAjanta Pharma is observed to form a cup & handle formation.
Breaking the long term resistance of 1650 and also the top of the cup. Could have a move towards the ath as the volume traded at the breakout is good. Also RSI at 72 is a very bullish factor for the stock.
PIVOT LEVELS-
R1- 1720
R2- 1774
R3- 1835
S1-1627
S2-1590
S3-1562
