Reached 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 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.
Wait 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.
Hello 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!!!
stock 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
They 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?
On 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 .
Dear 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...
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 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...
Possible 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 has been trading in downtrend channel, it has been approaching towards support of channel 1611 in near term as 50% fibo level 1st target.
