Ajanta Pharma - Technically a short term buyAjanta Pharma can be bought for short term with strict SL as 1360.
AJANTPHARM trade ideas
Ajantapharma long setupAjantapharma is following the Fib levels as shown in the chart. close above 1275 would take it back to 1415 and 1450
SL1 1354 CB
Sl2 1339
Next Possible Move I am looking this as still corrective structure on Higher TF , Now on daily it looks it will likely make one more pull back , then turn around
Lets trade in the direction of the trend ,
Long on CMP or Pull back I am looking to Go long on CMP or Pull back with stop 1350 for 1st Target of 1445 then next 1540
AJANTPHARM bulls time to cautiousAJANTPHARM has been facing resistance at the channel top and upside looks capped. Those who went long its time to book partial profit and hold rest of the position with SL below 1520.
AJANTPHARM test the channel median and bottom in the days to come.
AJANTAPHARM: Buy Above 1525, SL 1480 TGT 1620Ajanta Pharma is in a Up trending Channel. With recently touched the lower end of the same, with bounce back. Potential to touch upper end of channel.
Can Buy AJANTAPHARM above 1525 with SL of 1480 and TGT of 1620
SL is on Closing basis. Intraday Volatility should be ignored.
Monthly Resistance is at 1660 (can wait for 1-3 Months for Monthly Target to be achieved)
AJANTPHARM : Bearish Divergence On Daily ChartNSE:AJANTPHARM price action has formed bearish divergence on daily chart and is due for correction. We might see it retracing to test 1455 level and can further breakdown 1455 to find support on 1405 which is a trendline support.
Ajanta Pharma Ltd. Double Bottom Reversal Chart Pattern! Technical:
1) Chart Pattern : Double Bottom Reversal Level : 1180
2) Retracement Calculation
*1st Calculation*
A: 1727
B: 1116
Retracement Level 1.618 Target : 2100 Completed Trade Closed.
*2nd Calculation*
A: 2141
B: 1121
Retracement Level 1.618 Target : 2771.
Ajanta Pharma - Near key resistance NSE:AJANTPHARM has formed bearish engulfing in the chart.
One can short it below 1481.10
T1 1412.10
T2 1326.30
SL - 1525.40
AJANTPHARM breakout from accumulation zoneBuy above 200dma for target-1 1696 and target-2 2100+ time frame 12 to 18 months.
stop below weekly closing 1200.
Ajanta Pharma on fire - Clear bullish reversal Long term trend line broke out
Cup and Handle formation with a big bullish candle breakout
Go long on Ajanta Pharma#AJANTAPHARMA Nice rectangular bottoming formation for over 3 months has given a BO today. Immediate target is 1420 where the down trendline and 200 DEMA meets. If it breaches, then target can be higher
Ajanta Pharma, the odd one out amongst Pharma packon the weekly chart, 5 EMA has nicely crossed over above the 13 EMA.
looks like 1650 to 1700 achievable for the stock.
watch out people.
AJANTA PHRAMABuy above 1270 for targets of 1290,1310,1330.Stop loss 1240
Sell Below 1200 for targets of 1180,1150,1140 .Stop loss 1240
