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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 2024-03-19 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 123223

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	2109.35	2135.10	2135.10	2081.00	0.202 times
18 Mon Mar 2024	2124.45	2132.80	2132.80	2104.25	0.504 times
15 Fri Mar 2024	2122.20	2124.60	2125.00	2092.00	0.369 times
14 Thu Mar 2024	2124.30	2110.70	2128.00	2075.00	0.684 times
13 Wed Mar 2024	2110.70	2096.90	2175.00	1998.35	0.998 times
12 Tue Mar 2024	2108.15	2109.15	2189.00	2080.00	0.381 times
11 Mon Mar 2024	2102.05	2094.80	2120.00	2069.30	0.978 times
07 Thu Mar 2024	2091.10	2081.05	2105.00	2071.10	1.046 times
06 Wed Mar 2024	2083.25	2101.05	2135.90	2061.00	1.735 times
05 Tue Mar 2024	2104.40	2084.00	2126.90	2074.00	0.529 times

My analysis of stock is bearish for shortterm, and stock might move down till 2089.3 or till 2056.4. Use a stoploss of 2116.79 and if the stock hits stoploss, then it can shoot up till 2144.23

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1750.00
Downside Target	1850.25
Downside Target	1995.95
Upside Target	2135.10
Upside Target	2149.85
Upside Target	2178.00
Upside Target	2189.00
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	2081.87
Downside Intraday Target	2054.38
Upside Intraday Target	2135.97
Upside Intraday Target	2162.58
Downside Intraday Target	2108.48

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Mar 2024	2109.35	2132.80	2135.10	2081.00	0.207 times
15 Fri Mar 2024	2122.20	2094.80	2189.00	1998.35	0.56 times
07 Thu Mar 2024	2091.10	2122.00	2149.85	2060.10	1.323 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

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
19 Tue Mar 2024	2109.35	2219.60	2220.30	1998.35	0.536 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 mid to longer 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.

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 BUY signal for Ajanta Pharma in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Ajanta Pharma in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 2102.53 and Ajanta Pharma (AJANTPHARM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.