Does this help for bounce towards upside. Disclaimer: Set-up shown here is only for educational purpose only; This is not a sell or buy recommendation. We are not responsible for any loss or gain; Consult your financial advisor before your execution of any recommended trade. There are heavy chance that most of the presented scripts does not meet set (described)...
its like move start in the ajantpharma, chart break the 18 months treandline and pull back. after the pullback it take same trendline as a support. now ready for big move..
disclaimer... not an investing/trading recommendation
triangle breakout play 1.Debt free company 2. promoter stake 70% 3. FII - 9% expecting raise + 14% with 5% as SL Good for long term investment.
Ajanta Pharma bottomed out at 850.. Around 1050-1100 new breakouts given. Headed for 2200-2500 in next 12-15mths
in weekly chart it is break out...sky has no liit for this to blast ..
it is triangular pattern in 15 min now, and have taken a support of 50 ema , Tomorrow above 1051 will have next level coming 1088-1118..
Ajantpharm seems to be breaking out of a Falling Wedge Pattern in the Weekly charts. A decisive breakout above 1030 would confirm the pattern with targets coming in at 1160 /1300. Pattern negated below 900.
Break of Trendline which has been haunting Ajanta Pharma for 3 years (since 2016).
NSE:AJANTPHARM @AjantaPharmaLtd
Explained everything in the chart, Let me know if you have any question?
ajantpharma is on downside as in chart. its on edge it can be great trade with small risk on downside.
Disclaimer: Trading is risky. Please consult with your financial adviser before making any trading or investment decision. Set-up provided here is for informational and educational purposes only. This is not a sell or buy recommendation. We are not responsible for any gain or loss; Consult your financial advisor before your execution of trade. There are heavy...