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AJANTA PHARMA LTDAJANTA PHARMA LTDAJANTA PHARMA LTD

AJANTA PHARMA LTD

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AJANTPHARM trade ideas

[Swing Trade] AJANTPHARM breakout above 3,115 is expected.AJANTPHARM Analysis A triple bottom pattern is clearly visible here.. with the price bouncing off the 2,800 thrice,I think 2800 is acting as strong support.. from my view, it is signalling a reversal in a downtrend, may be bullish trend potentially If I happen to enter, I may wait for a breakout above 3,115 with price above all the MAs and also I will wait for strong volume around this price. On 13th jan price has taken support on 200dma. It is also confirming the reversal. DYOR before you invest. This is purely for education purpose.
NSE:AJANTPHARMLong
by Mujadid
AJANTA PHARMA LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:AJANTPHARM
by zenthosh
Ajanta Pharma - A multibaggerAjanta Pharma is primarily engaged in development, manufacturing and marketing of specialty pharmaceutical quality finished dosages. It has business in India, U.S and other countries like Philippines, Middle East and Africa. Business Strategy and margin revival: - Three pillars: Smart product selection, superior formulation development capabilities, focused business segments. - Will focus on branded generic business and allocate more resources on product registrations, team, and launch of new products which will increase marketing expenses. - FY23 EBITDA margins were impacted from higher raw material prices, higher freight costs and US price erosion. Management expects it to climb back to about 25% in FY24. Some details of the company- Return on capital employed >30 AND Debt to equity <0.1 AND Net profit preceding 12months >500 AND Net Profit latest quarter >100 I am not a SEBI registered analyst. Please do your own analysis before investing. Do like and follow and share among your friends and family. Thank you.
NSE:AJANTPHARMLong
by ronak16125
AJANTA PHARMA S/R Support and Resistance Levels: In technical analysis, support and resistance levels are significant price levels where buying or selling interest tends to be strong. They are identified based on previous price levels where the price has shown a tendency to reverse or find support. Support levels are represented by the green line and green shade, indicating areas where buying interest may emerge to prevent further price decline. Resistance levels are represented by the red line and red shade, indicating areas where selling pressure may arise to prevent further price increases. Traders often consider these levels as potential buying or selling opportunities. Breakouts: Breakouts occur when the price convincingly moves above a resistance level (red shade) or below a support level (green shade). A bullish breakout above resistance suggests the potential for further price increases, while a bearish breakout below support suggests the potential for further price declines. Traders pay attention to these breakout signals as they may indicate the start of a new trend or significant price movement. 20 EMA: The yellow line denotes 20 EMA, to interpret the 20 EMA, you need to compare it with the prevailing stock price. If the stock price is below the 20 EMA, it signals a possible downtrend. But if the stock price is above the 20 EMA, it signals a possible uptrend. Disclosure: I am not SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. It is important to consult with a qualified financial advisor before making any investment decisions. Tweets neither advice nor endorsement.
NSE:AJANTPHARM
by zenthosh
AJANTA PHARMA SHORT TERM SWING TRADE!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 from Rsi if crosses 63 can hold stock until Rsi level 74. NSE:AJANTPHARM
NSE:AJANTPHARMLong
by UnknownUnicorn30938178