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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 2024-02-28 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 76659

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	2085.15	2126.00	2129.55	2070.85	0.584 times
27 Tue Feb 2024	2122.55	2139.90	2151.15	2116.00	0.335 times
26 Mon Feb 2024	2141.90	2136.95	2152.80	2100.00	1.015 times
23 Fri Feb 2024	2125.85	2130.60	2135.00	2112.35	0.791 times
22 Thu Feb 2024	2120.00	2119.40	2135.00	2105.35	0.417 times
21 Wed Feb 2024	2113.10	2128.00	2156.70	2099.65	0.928 times
20 Tue Feb 2024	2115.40	2145.95	2150.20	2103.80	0.932 times
19 Mon Feb 2024	2139.50	2178.00	2178.00	2124.00	1.64 times
16 Fri Feb 2024	2152.45	2164.50	2199.00	2138.35	1.75 times
15 Thu Feb 2024	2153.25	2126.00	2158.85	2120.00	1.316 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2111.3, but if it comes above 2111.3, then a intra day buy could be more profitable.
If you take a sell trade below 2111.3, then use 2111.3 as stoploss and 2057.5 as target. However if you take a buy trade in stock , then use 2111.3 as stoploss and 2156.01 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
Upside Target	2152.80
Upside Target	2178.00
Upside Target	2200.00
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	2053.07
Downside Intraday Target	2020.98
Upside Intraday Target	2135.02
Upside Intraday Target	2184.88
Upside Intraday Target	2102.93

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	2085.15	2136.95	2152.80	2070.85	0.411 times
23 Fri Feb 2024	2125.85	2178.00	2178.00	2099.65	0.765 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

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
28 Wed Feb 2024	2085.15	2300.00	2319.75	2070.85	1.275 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 SELL. Signal strength is Weak and stock is gaining momentum.

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

Ajanta Pharma Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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 negative zone. This is the SELL 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 2133.31 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 negative.

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