28 AUGUST AJANTAPHARM SHORT SELLDisclaimer: We Are Not SEBI Registered.
All Information on chart are for educational purpose.
SELL @ 1580 TGT 1560, 1530+++
SL 1595
AJANTPHARM trade ideas
Ajanta pharma - bullish triangleThis chart shows the consolidation face of AJANTA PHARMA after a power move. So we expect another power move if it brakes the current resistance level.
Wait for the breakout.
Confirm it is clear breakout with volume.
Buy with the help of technical indicators like macd, moving average, pivot points etc
Or you could wait for a retracement and buy at retracement (if it happens)
Beware : Please keep in mind and stay away from False Breakout Traps .
Also this is not any recommendation. Trade at your own risk.
ROUNDING BOTTOM BREAKOUTAJANTA PHARMA makin rounding bottom pattern break out ....huge potential upside for long term buy n hold for long term sl 1575
Ajanta Pharma- Cup & Handle FormationAjanta Pharma is observed to form a cup & handle formation.
Breaking the long term resistance of 1650 and also the top of the cup. Could have a move towards the ath as the volume traded at the breakout is good. Also RSI at 72 is a very bullish factor for the stock.
PIVOT LEVELS-
R1- 1720
R2- 1774
R3- 1835
S1-1627
S2-1590
S3-1562
Resistance( M) breakout in AJANTPHARMMarkings are done on charts , you can consider taking trade accordingly- Price has gave breakout of Resistance( M)
Keep trailing your SL on all swing lows after taking entry, follow strict RM and PS .
Disclaimer: Analysis in charts are only for educational and information purpose only. Invest or Trade at your own risk management.
Ajanta Pharma: About to cross Heavy supply zoneAjanta Pharma is near a strong resistance level.
There is a heavy supply zone in 1600-1650 levels and scrip has tested these levels multiple times in past occurrences.
Only on one occurrence, it crossed the zone with volume and attained above 2000 levels
Now It has entered into the same zone again & This time supported by heavy volumes as well.
The stock has seen good upmove recently due to Pharma indices moving higher in the wake of COVID-19.
If scrip crosses & sustains above 1660 levels, there is a good chance it will go up to 1800-1850 in short term.
If unable to sustain and falls below 1580, Ignore the long setup.
Entry: above 1660
Target : 1850
AJANTA PHARMA ANALYSIS 03.08.2020BUY ABOVE 1629
TARGET 1700
IT IS CLOSED ABOVE THE RESISTANCE LINE SO IT IS IN PERFECT BREAKOUT .AND WAIT FOR BETTER CONFORMATION.
WAITED FOR PULLBACK AND HERE IT IS #AJANTPHARMMissed to enter immediate breakout but HERE it is 2nd chance so entry makes sense.
Ajanta Pharma LongPharma sector is booming
Observed high volume in last two days
Buy on retracement.
Weekly/Daily/Monthly Bullish
Buying opportunity in AJANTA Pharma ..7% upside.
****Disclaimer****
Trade with risk management but don't get afraid of taking risks because the winner is who BETS as well as never gets short of CHIPS...!!
Buy Ajanta Pharma abv 1480 for tgt 1600Ajanta Pharma is forming a Inverse H & S pattern and will breakout above 1480, and would result in pattern target of 1600 levels. Would strongly back the target given that Pharma sector especially the midcaps are in flavor and are outperforming.
BUY AJANTA PHARMABUY AJANTA PHARMA above 1550 for positional target 1800+ with sl 1440 on closing basis
AjantaPharma #Closing 1460#RasmeetTradingDesk#3BarDecider AjantaPharma #Closing 1460#RasmeetTradingDesk#3BarDecider
Process Check
Stock Idea : Tradeable (As Its low less than Previous close +Previous close*1%)
Comment: Stock Idea : Not Tradeable (As Its low is more than Previous close +Previous close*1%)
Success : Success (As 1D or 2D or 3D High is more than previous close + Previous close*3%)
Failed : Failed (As 1D or 2D or 3D low is less than previous close - Previous close*5%)
Waiting: Neither above sucess or failed executed , still waiting
AJANTA PHARMA TO RESUME UPTREND SHORTLYSUPPORT =1290
FIBO retracement(38.2%) -1287
200 ema 1280
It is likely to resume its uptrend journey from 1280-1290 range.
Short AJANTA PHARMA 1410Entry 1426
SL 1445+ on 1hr candle closing basis
Target 1410
RR 1:0.75
Risky trade
Long Ajanta Pharma @1430 & 1550Ajanta Pharma recovered pretty quickly from the lows during the coronavirus market meltdown. I have added this stock at 1430 & 1550 to my portfolio. I am looking to trade this actively. The current market scenario is favoring the pharma sectors and some stocks are setting up well. I will add more to my position if the stock continues to perform well.
We will also look for cues from the earnings side to see if there is some surprise on the profit side. Will keep you guys posted
AnjataPharma tringle playCan be bought 1440-1450, s/l 1410 . 1st target 1540, then wait for break out and retest for higher targets. R:R is around 2.5:1 for first target
AJANTPHARM - Trade No 09Trade No - 09
AJANTPHARM gives breakout and bullish closing on 9 june .
Trading History -
- Buy - 1471.55
- Sell- 1512.00
- Stoploss - 1458.60
- Quantity - 500
- Profit / Loss - +18675.04
- Trade Taken - 08/06/2020
- Trade Close - 09/06/2020
Price action is very simple to understand and main focus is price/patterns. Keep your chart clean and free from indicators, follow same process daily to get good results.
If you wish to learn simple price action trading process (strategy seekers kindly excuse), kindly reach out.
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