Potential upside from here for Ajantha PharmaI am novice at day trading. Learning TA and Chart analysis.
Please share your feedback..
AJANTPHARM trade ideas
Ajanta pharma retesting double top zone aggrasive seller can sell @ 1497 with sl of 1575 for target 1300/1280
Ajanta Pharma Long for a target of 1882Ajanta Pharma has formed a flag pattern. Possible Target of 1882 in 17-18 trading sessions.
Strong volume increase, breakout on MACD & RSI gives signals for upside target. Price breakout on 10 & 21 DEMA.
T1=1590; T2=1882
SL=1110
Ajanta Pharma - Potential breakout candidatePharma is the hot sector, some stocks moving up while making noise.
Others silently moving up.
Can go long Ajanta Pharma above 1455 for a target of about 1600. SL 2% below 1455.
Ajanta Pharma Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 7-10 times.
AJANTA PHARMA - 1W TFBearish Bat pattern on Weekly Chart of AJANTA PHARMA. SELL 1507-1508 SL 1601.1, Target(s) - 1430, 1411.
Higher Highs in AJANTHA PharmaThis is making Higher highs on daily charts from Jan-2020, currently stock is near to it's resistance zone, either it could consolidate or rally further between this resistance and support levels, since stock has made a gapup near to its support zone, which may eventually retrace it. Support and resistance levels were mentioned in chart.
Broke out Falling wedge and pending Head and Shoulders breakoutAJANTAPHARM was in long term downtrend and in process of reversal right now confirmed by breakout + retest of falling wedge. Now it is forming HnS pattern. Once it breaks out of Hns Pattern it can go up for long term. Current bullish market sentiment also supports this
Ajanta Pharma Weekly ReversalAjanta Pharma seems to be reversing from a weekly down trend.
Can look for entry if it retraces to 1030 - 1060 levels. can keep stop at 940 closing basis and target of 1500
Ajanta Pharma Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 15 to 20 times.
Ajanta Pharma (weekly) Breakout, Positive above TrendlineAjanta Pharma (ajantpharm) (weekly) has given breakout. Stock will remain positive till it stays above the trendline.
Ajanta pharma- inverse head and shoulder in formationAjanta pharma- inverse head and shoulder in formation
Look out if breaks above 1100 CB then 1300 can be achieved.
Disclaimer: Ideas for educational purpose. Support if you like.
