Ajanta Pharma : Decreasing the DosageI'm expecting downside move in Ajanta Pharma, if your trade setup also confirms the same, check with your risk n enter !
AJANTPHARM trade ideas
AJANTA PHARMA - POSITIONAL LONGthe stock should form a support here and rise if it sustains above it.
look for positional long.
regards.
Ajanta Pharma - reversal on cardsReached crucial support level. If Niftypharma supports the bullish trend
TP = Resistance 1, 2
Resistance 1 could be seen in few more sessions. Call - 13-30 days.
Fundamental strong although be wary of the Price to book value: 8.71 (risk volatility)
Virtually debt free company
Ajanta Pharma, Breakout of the channelAjanta Pharma was forming lower highs and lower bottoms, it has broken out of that trend and is now moving up in a channel. Long with Tgt 1780. SL: Close below lower trendline.
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
Ajanta Pharma Channel breakoutWait for a close above 1641 for a tgt of Rs 1725. SL 1610
Disclaimer: I am a novice at charting and this chart is for educational purpose only. Views and opinions are welcome.
AJANTPHARM - 60 Mins - Bearish BAT PatternHello Traders,
We have spotted bearish bat pattern on AJANTPHARM hourly chart. Short Entry can be made at the D completion point. Trade levels are mentioned on the chart.
Good Luck!!!
AJANTPHARM - Bullish Cypher PatternAJANTPHARM has made bullish cypher pattern on daily charts. Buy for target of 1720 & 1750, SL-1630
Ajanta Pharma - Rangebound stockTook support at shown level.
Go long at this level or on dips if possible.
Target - 1809
Stop loss - 1709
ajanta pharma 1798/1829stock alternating between higher and lower band of the side ways and bb channel
and in that process making a similar pattern on lower levels
going by this stock looks good for up side towards 1798/1829
sl 1745
Ajanta Pharma Equityboss EntryThey have asked to buy right?
I will say it will fall more till it's major support to bounce back. So why catch a stock is a downtrend when you can catch it in an uptrend?
AJANTAPHARMA...Triple Top FormationOn Daily Chart AJANTAPHARMA has formed Triple Top Formaton. Breaching the neckline on closing basic can add more pain this stock . Keep this on your radar .
AJANTAPHARMA : A Neutral ViewDear Reader,
The stock of Ajanta Pharma has witnessed a long "Bull Run" since its low of 6.04 made on 9th April,2009, and looks like there still remain space for its bigger "Bull Run" in years to come than what has been witnessed untill date. It will be too early to predict the future price of it as of now. However, I have tried my level best placing possible wave counts, at various degrees of time cycle, for the further reference of the readers, in the chart shown below this post.
For now, the stock of Ajanta Pharma looks to be in a corrective zone and possibly forming a double (WXY) or triple (WXYXZ) zigzag kind of complex corrective pattern, as shown in the chart above. Those who follow Wave Principle would recognize the same, and their opinions, critiques and comments are welcome.
From the top of 2125 to the low of 1526.65, wave "A" (circled), giving due consideration to its internal wave counts looks to be an impulsive wave. The counter trend of this current fall has already retraced more than 50% of this total fall at 1832. Besides, the stock can be bought only it it crosses above the resistance line drawn. The resistance point of this line is around 1825, the 50% retracement point of the total fall of 598.35 (2125-1526.65).
The stock may inch up further, if it crosses resistance line, to the target of 1896 & 1996, being 61.80% and 78.60% retracement level. However, one should be cautious before entering into the stock on longer side and keep 1800 level as stoploss for the long position taken after the breach of the resistance line.
Secondly, the stock of Ajanta Pharma can be sold once the support line of the triangle, drawn on MACD chart, is breached or if the histogram of MACD turns out negative. So, wait and watch on which side the stock opens up the opportunity for, "buy or sell?".
Below is the monthly chart of the stock of AJANTAPHARMA.
Disclamer:
All views, charts, comments, post or any materials of any kind discussed, published, posted and/or commented are for educational purpose only and not meant to be an advice to trade.
ajantha pharma finally breaking out of range break out seen in ajantha pharma on can look into this stock for a tgt of 1900 with sl at 1750
Ajant Pharma Go short for day trading The Gap is about to fill , if Price brakes current support below 1815 one can go short for target of 1800 With SL 1820
Since the Gap is about to breech and have to filled
Cheers
Ajantapharma - Preparing for upmove!Ajantapharma has broken 1.long term downward trendline 2. long term downward channel 3.Triangle. Price was consolidating inside the triangle for a long time. . After taking support at 1680 - 1700 levels price has broken the triangle indicating bullishness. Buy Ajantapharma above 1750 with the stoploss of 1730. Targets are 1835, 1870 and 1900. However the price may pullback a little as there is hidden bearish divergence. . Hidden bearish divergence happens when price is making a lower high (LH), but the oscillator is showing a higher high (HH).
Potential Bump run and reversal pattern spotted in AjantapharmaPossible dump bump and run reversal has been spotted in Ajanta pharma. Break of blue dashed line confirms the reversal and red dashed lines indicate possible targets.
Good luck to y'all !
PS: I am long in cash from Thursday.
Ajanta Pharma approaching channel support 1611Ajanta Pharma has been trading in downtrend channel, it has been approaching towards support of channel 1611 in near term as 50% fibo level 1st target.
Ajanta Pharma LONG Descending Triangle Nicely formed Descending Triangle has given breakout today. Action Reaction method of Andrews suggest that price can easily reach 1970 - 2000 in coming days. Stop Loss 1780. Good Risk to reward ratio.
Bearish ABCD formed in Ajanta PharmaBearish ABCD formation in Ajanta Pharma might push the price to 1101 level. I would wait further for any long term investment.
Ajanta Pharma may trade toward support Aanta Pharma has been trading in down trend in a channel it retesting the channel resistance,traders may enter short with a target of 1660 in near term as 50% crucial fibo level.
buy callearlier we saw a bullish engulfing pattern there and now a bullish harami pattern there with bullish divergence and price above 8 ema and price can test the level 1900
