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
AJANTPHARM trade ideas
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
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)
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.