Ajanta pharma..crossed 200 dma and restested once and is facing resistance from the trendline..
break above trendline can make it bullish
Info of zone in action in chart..
NOTE: this is my personal view only
Ajantapharma trade in good pattern
In long term It's break out triangle patterns which one suggest good buying entry
In other view bullish harmonic XABCD pattern final lag CD is on the way
& also AB=CD where CD lag on the way
All this level suggest that
One can look for Buy above 1190
For the 1st target of 1240-50 Zone
& 2nd target of 1295
With Stop loss of 1125
Daily and weekly indicators(MACD,ADX,CCI,RSI,PSAR) are showing positive signals. Daily ADX moving positive,Daily&weekly CCI positive crossover,weekly MACD cut may happen on upcoming weeks.These factors will help to achieve the target levels. Please refer chart for other details.