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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 2024-04-16 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 98869

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2064.95	2098.50	2113.55	2051.60	0.533 times
15 Mon Apr 2024	2117.75	2112.10	2130.95	2070.00	0.82 times
12 Fri Apr 2024	2115.30	2151.60	2207.35	2107.15	0.807 times
10 Wed Apr 2024	2139.65	2150.65	2155.00	2130.00	0.883 times
09 Tue Apr 2024	2150.55	2146.70	2160.60	2122.15	0.54 times
08 Mon Apr 2024	2135.50	2187.80	2206.00	2121.60	0.586 times
05 Fri Apr 2024	2181.60	2172.00	2209.20	2156.30	1.335 times
04 Thu Apr 2024	2169.60	2260.00	2265.00	2154.05	1.234 times
03 Wed Apr 2024	2255.45	2250.05	2289.00	2235.00	0.54 times
02 Tue Apr 2024	2270.50	2240.05	2311.95	2220.00	1.504 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2103.3, but if it comes above 2103.3, then a intra day buy could be more profitable.
If you take a sell trade below 2103.3, then use 2103.3 as stoploss and 2035.1 as target. However if you take a buy trade in stock , then use 2103.3 as stoploss and 2160.16 as target.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1850.25
Downside Target	1998.35
Upside Target	2154.05
Upside Target	2164.00
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	2034.05
Downside Intraday Target	2003.15
Upside Intraday Target	2113.4
Upside Intraday Target	2161.85
Upside Intraday Target	2082.5

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	2064.95	2112.10	2130.95	2051.60	0.48 times
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

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
16 Tue Apr 2024	2064.95	2247.95	2311.95	2051.60	0.428 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 Weak and stock is losing 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 SELL signal in short term and selling is picking up 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 2171.34 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.