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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 2024-04-12 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 123656

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	2115.30	2151.60	2207.35	2107.15	0.645 times
10 Wed Apr 2024	2139.65	2150.65	2155.00	2130.00	0.706 times
09 Tue Apr 2024	2150.55	2146.70	2160.60	2122.15	0.431 times
08 Mon Apr 2024	2135.50	2187.80	2206.00	2121.60	0.469 times
05 Fri Apr 2024	2181.60	2172.00	2209.20	2156.30	1.067 times
04 Thu Apr 2024	2169.60	2260.00	2265.00	2154.05	0.986 times
03 Wed Apr 2024	2255.45	2250.05	2289.00	2235.00	0.432 times
02 Tue Apr 2024	2270.50	2240.05	2311.95	2220.00	1.203 times
01 Mon Apr 2024	2238.60	2247.95	2271.00	2195.35	1.4 times
28 Thu Mar 2024	2230.85	2179.35	2247.95	2173.60	1.208 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2109.2 as stoploss in an intra day buy trade for a target of 2162.77. However, stock will show a bearish move below 2109.2.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1850.25
Downside Target	1998.35
Upside Target	2154.05
Upside Target	2189.00
Upside Target	2207.35
Upside Target	2311.95
Upside Target	2317.65
Upside Target	2319.75
Upside Target	2353.95

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2079.18
Downside Intraday Target	2043.07
Upside Intraday Target	2179.38
Upside Intraday Target	2243.47
Upside Intraday Target	2143.27

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Apr 2024	2115.30	2187.80	2207.35	2107.15	0.442 times
05 Fri Apr 2024	2181.60	2247.95	2311.95	2154.05	1.218 times
28 Thu Mar 2024	2230.85	2142.50	2317.65	2105.00	0.881 times
22 Fri Mar 2024	2152.30	2132.80	2164.00	2071.30	1.396 times
15 Fri Mar 2024	2122.20	2094.80	2189.00	1998.35	0.56 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
12 Fri Apr 2024	2115.30	2247.95	2311.95	2107.15	0.373 times
28 Thu Mar 2024	2230.85	2219.60	2317.65	1998.35	0.921 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

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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Strong 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 getting stronger in this stock.

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 2200.19 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.