AJANTPHARM trade ideas
Triangle Pattern BreakoutThere has been a breakout from triangle pattern on daily chart. Go long@1526 for target 1700 with SL at 1589.
Long AjantPharm above 1675LongTerm to MediumTerm Investment Idea:
1. Previous Trend: Uptrend
2. Consolidation on resistance.
3. RSI = 60
4. long above 1675
5. SL= 1230
6. Target= 2550
Ajanta Pharma { charts looking strong ] Hello Traders
Ajanta Pharma is on verge of breakout , expecting good upside if breaks mentioned level.
DISCLAIMER
{ Educational Purpose }
All investments involve risk.
Please Do your analysis before initiating any trade
GOOD LUCK !
SWING CALL STRONG MOMENTUM AJANTA PHARMA BUY AJANTAPHRMA IN DIPS NOW 1560.30 SL 1427 TARGET 1700
Over the last 5 years, revenue has grown at a yearly rate of 12.45%, vs industry avg of 6.95%
Over the last 5 years, market share increased from 0.95% to 1.22%
Over the last 5 years, net income has grown at a yearly rate of 8.58%, vs industry avg of 2.42%
AJANTA PHARMA AJANTA PHARMA.long term breakout and thn retest with less volues again out of the retracement
AJANTA PHARMA ANALYSIS 29.09.2020BUY 1589 TO 1578,1535
TARGET 1590 TO 1650
ONCE IF BREAK AND CLOSED ABOVE 1590 NEXT TARGET 1650
LAST CANDLE CLOSED ABOVE RESISTANCE LINE IT TAKE SOME RETEST MOMENT.SO WAIT AND WATCH .
AJANTA PHARMA: HIGHER HIGHS HIGHER LOWAjanta pharma during the downtrend made Lower Highs with a flat Low and thus a triangle formation.
The breakout of the triangle started the uptrend.
In an uptrend, it is following a Higher High, Higher Low formation.
During both the trends, every upmove followed by strong correction waves...
HIgher High Higher low is kind of making a parallel channel, corrective wave stopped on the lower line of the channel & moved upwards.
Next resistance level is near 1720 that would be our 1st target,
T1: 1715-1725
T2: 1850-1860
#AJANTAPHARMAnother classic example of IC MC BO powered by Shunting
The stock touched 1634 which is also the previous SC wick high
Ajanta Pharma - Positional Buy till ATHM had a tremendous move till 2016. Went into a downtrend therefrom till 2019. Trendline broken. Bullish bias restored
W has a Rounding Bottom and three HH and HL. Can be bought as per levels mentioned in chart.
Ajantapharma looking good on the charts...!!!
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets out of CHIPS...!!
