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(AJANTPHARM) Ajanta Pharma complete technical analysis [charts+indicators] | Buy/Sell Ajanta Pharma | (AJANTPHARM) share price targets

Complete technical analysis of Ajanta Pharma (AJANTPHARM) by charts plus indicators, forecast predictions and share price targets for Ajanta Pharma (AJANTPHARM)

Ajanta Pharma trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 111742

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2120.00	2119.40	2135.00	2105.35	0.286 times
21 Wed Feb 2024	2113.10	2128.00	2156.70	2099.65	0.636 times
20 Tue Feb 2024	2115.40	2145.95	2150.20	2103.80	0.639 times
19 Mon Feb 2024	2139.50	2178.00	2178.00	2124.00	1.125 times
16 Fri Feb 2024	2152.45	2164.50	2199.00	2138.35	1.2 times
15 Thu Feb 2024	2153.25	2126.00	2158.85	2120.00	0.903 times
14 Wed Feb 2024	2114.90	2156.00	2158.95	2110.05	0.601 times
13 Tue Feb 2024	2156.40	2181.05	2200.00	2137.00	0.653 times
12 Mon Feb 2024	2171.30	2178.50	2180.90	2111.55	0.863 times
09 Fri Feb 2024	2166.05	2186.00	2193.10	2135.10	1.477 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2122.8, but if it comes above 2122.8, then a intra day buy could be more profitable.
If you take a sell trade below 2122.8, then use 2122.8 as stoploss and 2072.7 as target. However if you take a buy trade in stock , then use 2122.8 as stoploss and 2164.65 as target.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1650.05
Downside Target	1750.00
Downside Target	1815.00
Downside Target	1995.95
Downside Target	2053.65
Downside Target	2099.65
Upside Target	2178.00
Upside Target	2200.00
Upside Target	2243.00
Upside Target	2300.00
Upside Target	2319.75
Upside Target	2353.95

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2087.1
Downside Intraday Target	2054.2
Upside Intraday Target	2165.45
Upside Intraday Target	2210.9
Upside Intraday Target	2132.55

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2120.00	2178.00	2178.00	2099.65	0.637 times
16 Fri Feb 2024	2152.45	2178.50	2200.00	2110.05	0.494 times
09 Fri Feb 2024	2166.05	2179.25	2319.75	2135.10	1.496 times
02 Fri Feb 2024	2168.40	2185.05	2300.00	2100.00	4.237 times
25 Thu Jan 2024	2185.05	2201.00	2243.00	2161.50	0.422 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	2120.00	2300.00	2319.75	2099.65	1.163 times
31 Wed Jan 2024	2174.25	2083.00	2353.95	2053.65	0.695 times
29 Fri Dec 2023	2083.65	1986.60	2100.00	1850.25	0.707 times
30 Thu Nov 2023	1976.15	1795.05	1995.95	1750.00	1.183 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Ajanta Pharma (AJANTPHARM)

Price action analysis of Ajanta Pharma ( (AJANTPHARM) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ajanta Pharma ( (AJANTPHARM) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Ajanta Pharma ( (AJANTPHARM) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Ajanta Pharma stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Ajanta Pharma in short term but the sell signal is initial and weak.

Ajanta Pharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Ajanta Pharma in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Ajanta Pharma is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2145.83 and Ajanta Pharma (AJANTPHARM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ajanta Pharma (AJANTPHARM) stock. Volume based technical analysis of Ajanta Pharma (AJANTPHARM) stock is negative.

Ajanta Pharma Stock has given negative returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.