AJANTPHARM trade ideas
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
Buy Ajanta Pharma Ajanta Pharma has bounced from its support zone and can move upto next resistance zone around 1380. Even bullish divergence can be seen with respect to money flow index. It can be bought now with a stop loss of 1100. Targets can be higher if upcoming results are positive.
AJANTA PHARMA at support level AJANTA PHARMA at long time support level.
One can take entry at current level
ENTRY - 1190 -1195
TARGET 1- 1502
TARGET 2- 1737
STOPLOSS - 1100
It is a long term investment.
Ajanta Pharma - At Turnaround Levels with Sound FundamentalsIt has been observed that the price action was deeply pushed down without much change in the fundamentals of the company. It may just be called as healthy correction and now the correction reached to a strong support zone which has been previously tested, therefore there is high possibility that the buyers will come at current levels and will further control over the price action.
It is a debt free company with consistent operating profit margin of more than 30%.
T1- 1300
T2- 1400
SL- 1110
Long on Pull back I am looking go long on pull back near 1135/1130 with stop 1120 for target of 1250+
this is very short term positional trade
regards
short term bounce back likely in ajanta pharmaIn weekly, hammer formed at horizontal support.
In daily, regular bullish divergence is seen.
sl - 1126 tgt - 1400
AJANTPHARMAJANTPHARM Positive divergence on charts, If holds above 1162-1153, Then can target 1190-1236
AJANTPHARMStock is at Critical Support Zone.
Will it bounce from here, or will move towards next Support.
Keep an eye.
Ajanta Pharma Double BottomAjanta Pharma Double Bottom
Rsi has Turned Bullish + Made double bottom
Lets go long with a 1108 as hard stop loss for target of 38.2% Retracement
head and shoulders formation in Ajanta pharma
A clear long term head and shoulder formation right shoulder formation pending may or may not complete the pattern and break the neckline 'Important support near 1000 levels.
AJANTA PHARMA, LONG, TARGET- 1450, SL-1175After a long downtrend (shown by red line), Share has formed Doji pattern followed by Marubozu (can be seen in green box). Doji pattern represents indecision and Marubozu represents upcoming uptrend. Formation of Doji with Marubozu makes upcoming uptrend prediction more strong. On the day of Marubozu, Share price has increased in good volume (can be seen in blue box). All these things indicate strong uptrend for share.
#AJANTPHARM - Short-term trend reversalAJANTPHARM has formed morningstar pattern on 23rd August and has consolidated between 1180-1240 zone. Yesterday it showed breakout from that range and its a good bet for short-term upside.
Follow the arrow (Experimental & Educational)I am just representing an trend line based trading , also i am expecting the stock will move as per trend line or arrow i have placed
its an educational chart but one can take trade based on their analysis
Once price makes to specified target i will explain why i chose to display the arrow , if price did not make to specified target then i will try to present on another chart , since pharma stocks have become night mare to many so it may find very slow growth
Regards
Ajanta PharmaThe stock has corrected enough and has finally taken support at its previous support. Enter it by either shorting 1150 PE or go long with futures and use trail stop loss. For pharma stocks, its best to back check its fundamentals along with technicals
AjantPharmLooking Good In Hourly chart. Long position may be taken with a target of 1246/1260 SL below 1210. Entry 1220/1221
Ajanta @ 200 WMAAjanta Pharma may give strong bounce from the support towards 1350. Can use dips till 1150 by next week.
