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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 2024-05-03 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 102877

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	2383.85	2540.00	2540.00	2360.05	26.938 times
02 Thu May 2024	2234.00	2225.05	2260.00	2210.00	0.814 times
30 Tue Apr 2024	2215.45	2225.00	2243.80	2190.00	0.799 times
29 Mon Apr 2024	2212.60	2244.00	2258.00	2194.65	2.19 times
26 Fri Apr 2024	2193.50	2144.00	2286.95	2120.00	1.995 times
25 Thu Apr 2024	2139.95	2130.80	2144.35	2125.05	0.345 times
24 Wed Apr 2024	2133.70	2150.00	2169.20	2127.10	0.678 times
23 Tue Apr 2024	2130.35	2100.00	2189.25	2090.45	0.955 times
22 Mon Apr 2024	2091.35	2085.45	2125.00	2079.95	1.345 times
19 Fri Apr 2024	2085.40	2078.85	2107.95	2069.15	0.335 times

Stock of Ajanta Pharma (AJANTPHARM) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 2320.8, for a target of 2233.9 or 2161.47

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1998.35
Downside Target	2210.00
Downside Target	2286.95
Downside Target	2311.95
Downside Target	2317.65
Downside Target	2319.75
Downside Target	2353.95
Upside Target	2540.00

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2202.57
Downside Intraday Target	2021.28
Upside Intraday Target	2552.57
Upside Intraday Target	2721.28
Downside Intraday Target	2371.28

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	2383.85	2244.00	2540.00	2190.00	5.78 times
26 Fri Apr 2024	2193.50	2085.45	2286.95	2079.95	2.441 times
19 Fri Apr 2024	2085.40	2112.10	2130.95	2051.60	0.805 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	2383.85	2225.05	2540.00	2210.00	1.437 times
30 Tue Apr 2024	2215.45	2247.95	2311.95	2051.60	0.817 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Ajanta Pharma in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Ajanta Pharma Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Ajanta Pharma in short term and BUY 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

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 2328.88 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 positive

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