Its a buy for 950 to 970Looks good for levels of 950 to 970. Has bullish harami pattern formed on weekly support level. Entry between 925 to 930.
AJANTPHARM trade ideas
Strong Downtrend in AjantaPharmaHello,
AS you can see in the hourly chart this stock is in strong downtrend from 1074 level on the hourly chart. If Ajanta pharma will not sustain above 980 on the hourly chart then it may test lower levels @ 920 and 900.
If it will sustain above 980 then also there is a major resistance @ 1000-1010 level.
In this scenario, the best way to trade is sell 1000 call.
Ajanta Pharma - 1 hour Analysis CMP 1044.5 Buy above 1050 LoAjanta Pharma - 1 hour Analysis
CMP 1044.5
Buy above 1050 Look for Target 1055 - 1059 -1062 - 69 - 75 - 1090+
SL 1015 ( 1 hour candle closing basis)
All Levels are cash levels
Long set up This one is currently in small range which will likely drop & pause for one more move up
One can buy with pre-defined stop for projected target
R:R is 1:2
[Intraday] Short Ajanta Pharma 3BB TradeAs per charts. Keep stop loss slight away from day high; there may be stop loss hunting
#AJANTAPHARMA CASH : LOOKS GOOD ABOVE 1032.10#AJANTAPHARMA CASH
15 APRIL 2019
LOOKS GOOD ABOVE 1032
SL 1024
TGT 1038-1040/1048/1060
CMP 1027
AJANTHA PHARM IB tradeBroke channel day before yesterday, but formed inside bar today
Buy on break of PDH
sell on break of PDL
PRZ points mentioned in chart
AJANTAPHARM Double Inside Bar TradeLong 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 in first 5 minutes and follow ORB strategy.
AjantaPharma - ChartpicksWatchlist,..
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 also.
4. The Green line represents long term support.
5. Orange lines represents Descending Triangle. So it may break either side, keep in watchlist for long above 50EMA and short below the Green or Orange line.
I started my own telegram channel to save my charts, if anyone interested to see my charts can see there - t.me
The sole purpose of telegram channel is to save my charts for future usage and to see in mobile.
Is AJANTPHARM set to rally ?NSE:AJANTPHARM
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 the next major resistance line at 1190 , is Ajanta Pharama about to rally .
Please coment down your opinions on it .
