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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 2024-05-06 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 374413

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	2414.55	2388.45	2434.00	2324.45	0.974 times
03 Fri May 2024	2383.85	2540.00	2540.00	2360.05	7.402 times
02 Thu May 2024	2234.00	2225.05	2260.00	2210.00	0.224 times
30 Tue Apr 2024	2215.45	2225.00	2243.80	2190.00	0.219 times
29 Mon Apr 2024	2212.60	2244.00	2258.00	2194.65	0.602 times
26 Fri Apr 2024	2193.50	2144.00	2286.95	2120.00	0.548 times
25 Thu Apr 2024	2139.95	2130.80	2144.35	2125.05	0.095 times
24 Wed Apr 2024	2133.70	2150.00	2169.20	2127.10	0.186 times
23 Tue Apr 2024	2130.35	2100.00	2189.25	2090.45	0.262 times
22 Mon Apr 2024	2091.35	2085.45	2125.00	2079.95	0.37 times

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 2365.5, for a target of 2258.6 or 2169.42

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1998.35
Downside Target	2190.00
Downside Target	2286.95
Downside Target	2311.95
Downside Target	2317.65
Downside Target	2319.75
Downside Target	2324.45
Downside Target	2353.95
Upside Target	2434.00
Upside Target	2540.00

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2348
Downside Intraday Target	2281.45
Upside Intraday Target	2457.55
Upside Intraday Target	2500.55
Downside Intraday Target	2391

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	2414.55	2388.45	2434.00	2324.45	0.115 times
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

Price has moved up 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 Mon May 2024	2414.55	2225.05	2540.00	2210.00	1.621 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, and volume has increased substantially. This means that the move can 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 losing 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 stronger in this stock.

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

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 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 2338.61 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.