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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 2024-03-06 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 106702

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	2083.25	2101.05	2135.90	2061.00	2.003 times
05 Tue Mar 2024	2104.40	2084.00	2126.90	2074.00	0.611 times
04 Mon Mar 2024	2073.20	2122.00	2149.85	2060.10	3.208 times
02 Sat Mar 2024	2139.25	2140.00	2179.00	2120.00	0.035 times
01 Fri Mar 2024	2126.85	2219.60	2220.30	2110.10	1.462 times
29 Thu Feb 2024	2208.00	2064.35	2245.00	2015.05	2.427 times
28 Wed Feb 2024	2085.15	2126.00	2129.55	2070.85	0.419 times
27 Tue Feb 2024	2122.55	2139.90	2151.15	2116.00	0.241 times
26 Mon Feb 2024	2141.90	2136.95	2152.80	2100.00	0.729 times
23 Fri Feb 2024	2125.85	2130.60	2135.00	2112.35	0.568 times

Stock of Ajanta Pharma (AJANTPHARM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2098.9, but if it comes above 2098.9, then a intra day buy could be more profitable.
If you take a sell trade below 2098.9, then use 2098.9 as stoploss and 2060.8 as target. However if you take a buy trade in stock , then use 2098.9 as stoploss and 2130.64 as target.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1750.00
Downside Target	1850.25
Downside Target	1995.95
Upside Target	2149.85
Upside Target	2178.00
Upside Target	2200.00
Upside Target	2220.30
Upside Target	2245.00
Upside Target	2319.75
Upside Target	2353.95

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2045.62
Downside Intraday Target	2007.98
Upside Intraday Target	2135.37
Upside Intraday Target	2187.48
Upside Intraday Target	2097.73

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	2083.25	2122.00	2149.85	2060.10	1.096 times
02 Sat Mar 2024	2139.25	2136.95	2245.00	2015.05	1.571 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

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
06 Wed Mar 2024	2083.25	2219.60	2220.30	2060.10	0.296 times
29 Thu Feb 2024	2208.00	2300.00	2319.75	2015.05	1.413 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

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 term time period is neutral. A longer time frame might give a better analysis.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2119.68 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.