NSE:AJANTPHARM One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio Note : 1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle. 2. Close, should be good and Clean. 3. R:R ratio should be 1 :2 minimum 4. Plan as per your RISK appetite Disclaimer : You are responsible for your Profits and...
Hi everyone, Ajanta pharma short term swing trade consider buy above 2,240 target 2,395 & 2,435 stoploss 2,165. LOGIC BEHIND TRADE : Stock is trading range bound soo buying on support and selling at resistance & can consider buy on support 2,117-2095 stoploss 2,080. Looks good for short term swing trade & best thing to do in range bound stock. Double conformation...
Buy Ajanta Pharma at 2140 for targets of 2297 and 2492
The stock has broken out and retested the lower trendline and found support. Trade is supported by brokerage calls and Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone and the Lower Trendline. The target is placed near swing high.
AJANTPHARM looking bullish Above 1940 as on good Support as following Symmetrical Triangles Pattern & will touch 1990 n coming days
Technical analysis - (Daily) 1) Broke 1880 strong resistance and took support which is bullish ↗ 2) RSI in Bullish Range and took support on 60 level 3) Above 20 Daily EMA Short term Target - 2120 Medium term Target - 2600
Hello!! its Ajanta pharma now...... mmmm I personally don't like pharma stocks much but this looks good and it is in a rangebound condition for now and the red bold red lines are very good resistances and supports ....... if it breaks the resistance some rally of 100-200 pt.s can be seen. #my_view #learner
Break of Trendline which has been haunting Ajanta Pharma for 3 years (since 2016).
NSE:AJANTPHARM @AjantaPharmaLtd
ajantpharma is on downside as in chart. its on edge it can be great trade with small risk on downside.
Breakout in inverted flag STRICTLY below 968 sl 976 for 956-946
Ajanta Pharm a good short candidate for immediate target of 55 pts. The next support below is the next S/R flip zone, breaking below that would take it down further. DISCLAIMER : FOR STUDY PURPOSE, NOT FOR TRADING.
This stock is at a very crucial level. Having already formed a major Head & Shoulders pattern, stock may again form an internal H&S if it retraces from here and we may see great falls. However this is just a possibility and if it manages to cross 1175 on closing with volume, stock may give upside move towards 1300. Stay alert and pick the right side!
FOR EDUCATION / PAPER TRADING PURPOSE. Buy as per Left Shoulder support and Fibonacci confluence. With STOP below the Fib 0.
targets are explained on the Chart