AJANTPHARM trade ideas
Ajanta pharma head and shoulder neckline broken price has been re-test the broken line and further trading below neckline
Ajanta Pharma WatchlistIt may bounce from 895-900 support. It has formed a spin bar when the stock is in downtrend and may reverse even without hitting the support
"Go Long If PDH broke (942) Else watch for a bounce from the support at 895
Short If Support breaks at 895"
High Probability Trade - Ajanta PharmaAjanta Pharma has been in a medium term downtrend, which is expected to continue. In Short Term, it is making a triangle, with support around 1128, Target could be 1171/1195/1292 with SL 1125
High Probability Trade - Ajanta PharmaAjanta Pharma has been in a medium term downtrend, which is expected to continue. In Short Term, it is making a traingle, with support around 1128, Target could be 1171/1195/1292 with SL 1125
BUY Ajanta Pharma for Next target will be 1550-2000+++ Next target will be 1550-2000+++
time 2-4 Months
AJANTPHARM SHORT - Ajanta Pharma Swing Shorting OpportunityAjanta 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.
AJANTA PHARMA: What Should You Do?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!
AjantaPharm Near Left Shoulder Support - Potential Buy FOR EDUCATION / PAPER TRADING PURPOSE.
Buy as per Left Shoulder support and Fibonacci confluence. With STOP below the Fib 0.
AjantaPharmaSeems worse is over in Pharma sector. This was a star till 2016. Manipulated FDA warnings pulled down the lot in Pharma. Bottoms are reached it seems.
Ajantapharma, ConsolidationA trader should be alert and aware when a stoc consolidates for considerable length of time. This is a nice case in point. Price consolidated and broke down and then hurtled down and also gone below the significant suppport level. Now what is the level to watch? 1010. If 995 is also broken, then expect 100 more points downside.
Ajanta Pharma The stock is at very important level. Head and Shoulder pattern of more than three years has formed & 1050 to 1100 looks very crucial for this stock, any close (preferably weekly) with volume below this support zone may invite tremendous downside in the price.
AJANTA PHARMA - BEARISH PATTERN FORMATION AJANTA PHARMA
CMP 1365
TARGET 1130
STOP 1450
H&S bearish pattern formation observed.
Ajanta Pharma in range. Downward movement on intradayits in little range and given us closing below 50 day moving average . its turn to retest lower level so we can see levels of 1340 in intraday or 2/3 days.
BUY AJANTA for long TARGET 1750, 2050 ++++ 2-3 Months time BUY AJANTA for long TARGET 1750, 2050 ++++
2-3 Months time
Technical Call : Ajanta PharmaAjanta Pharma has given trendline breakout with rising volume on daily charts. Also it has major support around 1650 on daily charts. ADX and RSI have turned positive on daily and weekly charts.
One can initiate long position on around 1780-1810 with Stop loss of 1650 (closing basis) for Target of 1950-2100 in next 10-12 weeks.
