Long if it breaks the high of the previous day with a stop loss at the previous day's low.
Short if it breaks the low of the previous day with a stop loss at the previous day's high.
In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
As per Weekly Charts Ajanta Pharma already formed HNS during a uptrend.
1. HNS Breakdown confirmed during mid of 2018 but there seems to a long term support near 900 levels.
2. It faces resistance near 50EMA in weekly charts and the momentum in RSI is along resistance at the exact same location.
3. It faces resistance near 200MA in Daily charts...
On the previous trading session ajantpharm closed at 1043.05 and has rallied up by 5.7% with an unusual volume of 1.8 million shares being traded and closing above 50 day EMA moving to the upper circuit of Bollinger Bands . There was also a huge Open Intrest build up of about 22.05% near the strike price of 1045 indicating a long build up . With...