AJANTPHARM | Intraday Short OpportunityAjantpharm coming back to retest the neckline of HnS shoulder it broke few weeks back. If that holds true one can short it near 1120-1130. On hourly close above this one can see 1200-1260-1300 level.
AJANTPHARM trade ideas
Ajanta Pharma Weekly Chart StudyHave to see whether H&S pattern will work or fail .Looking chart i personally feel further upside may be possible.
Symmetrical Triangle Formation!Formation of Symmetrical Triangle with an indicator of receding volume increases the probability of the breakout.
False Breakout occurred.
Sell on Brake in FuturesThis one is Coming down for retest , sell on Brake of structure and book near 975
AJANTA BEARISHHead and shoulder pattern. Neck line broken. Head length approx 500. Short for a target of 530. stop as per your risk. However mentioned.
H&S pattern formedshort term one can take long trade till th retesting the line.after retesting the line can take short trade.
Sell on Reversal in Futures dont try to Buy this This one was expected but not so early , it dropped heavy , No need to look back if price starts moving up , it has just broken the Head & S Pattern its probably run till its start of 1st Impulse , Any reversal sign on daily or weekly , Look for sell set up
Hope it will move fast before the Next Elections
My PredictiveEngine's Intraday call(31-May-18)-AJANTPHARM-ShortBased on my PredictiveSystem's signals, its going to be a RED candle on 31-May-2018 for AJANTPHARM
Sell Below: 982.5 for targets -
T1: 975.1
T2: 970.7
T3: 966.1
SL: 990.4
Note: These calls are based on my own analysis. It may or may not work well for you.So please carefully consider whether it is suitable for you and please do your own research before attempting any. The profit/loss made by you due to this call, is solely your own responsibility. Thanks, All the best. Happy Trading. :-)
AJANTPHARMA H&S BREAKOUTAjantpharma formed a long term head & shoulder.Breakout at 1130. Technically possible target is 400.
Ajanta Pharma - Options STRAP strategyHi All ,
No naked put/call /buy /sell , no over leverage and buying of 5-10 lots , just stick with following STRAP strategy lot ratio.
Buy 1050 May call 2 lots @ 48/49
Buy 1050 May put 1 lot @ 32
call put ratio is 2 call , 1 put i.e 2:1 (Dont violate this like 3:1 or 5:1)
Execute folks , execute.
Even we get 20 point upmove we will get good returns , Let's play.
Options are risky , consult your financial adviser before investing
Ajanta Pharma Looks Ugly-BIG H&S breakdown on high volume.
-Pharma sector looking ugly.
-Stock in downtrend.
Not an investment advice. Do your own due diligence. Not invested.
Strong Demand Zone HIghlighted band is acting as a strong support level for over 2 years and RSI is highly oversold on daily TF. Look for short term bounce
Rectangle & PF setupPerfect Rectangle offers short term trade which could easily drag the price to 1310/1270 level. One can also wait for the stock to breakout from the pattern and continue with the trade.
Disclaimer : All ideas and comments are my personnel view. please take financial consultancy for trading decision.
short or sell ajanthapharmaajantha pharma forms lower highs and lower lows indicating a downtrend in monthly time frames and in daily charts also it is in downtrend, currently it forms a symmentrical triangle in daily charts and there is significant amount of low volume converging towards apex ( found this point in the book technical analysis by john murphy ) if there is a break out on downside with good volume we can sell the stock, measuring the base of the triangle and using it to project the target price the stock can move to 1200. if u find this post useful or wrong pls do reply or message dont just pass away, your views and comments are always appreciated
