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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 2024-07-12 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 194432

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	2201.85	2226.95	2240.55	2196.00	2.421 times
11 Thu Jul 2024	2213.85	2260.00	2284.90	2205.00	0.417 times
10 Wed Jul 2024	2255.45	2254.00	2285.80	2202.30	2.31 times
09 Tue Jul 2024	2251.15	2300.00	2304.90	2225.00	1.465 times
08 Mon Jul 2024	2288.60	2235.80	2298.25	2233.20	0.596 times
05 Fri Jul 2024	2266.60	2222.00	2275.80	2160.15	2.765 times
04 Thu Jul 2024	2219.75	2248.05	2271.80	2214.00	0.703 times
03 Wed Jul 2024	2241.15	2251.45	2265.00	2229.40	0.318 times
02 Tue Jul 2024	2238.95	2272.00	2280.00	2225.00	0.549 times
01 Mon Jul 2024	2256.30	2286.20	2306.85	2244.80	0.643 times

Stock of Ajanta Pharma (AJANTPHARM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2233.6, but if it comes above 2233.6, then a intra day buy could be more profitable.
If you take a sell trade below 2233.6, then use 2233.6 as stoploss and 2164.2 as target. However if you take a buy trade in stock , then use 2233.6 as stoploss and 2291.54 as target.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1998.35
Downside Target	2051.60
Downside Target	2111.05
Upside Target	2261.00
Upside Target	2317.65
Upside Target	2335.00
Upside Target	2368.10
Upside Target	2379.00
Upside Target	2417.50
Upside Target	2495.00
Upside Target	2540.00

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2163.6
Downside Intraday Target	2125.35
Upside Intraday Target	2272.5
Upside Intraday Target	2343.15
Upside Intraday Target	2234.25

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	2201.85	2235.80	2304.90	2196.00	1.448 times
05 Fri Jul 2024	2266.60	2286.20	2306.85	2160.15	3.282 times
28 Fri Jun 2024	2287.20	2340.05	2379.00	2261.00	1.291 times
21 Fri Jun 2024	2345.85	2370.00	2417.50	2335.00	1.014 times
14 Fri Jun 2024	2378.60	2443.95	2495.00	2368.10	0.389 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 Jul 2024	2201.85	2286.20	2306.85	2160.15	1.786 times
28 Fri Jun 2024	2287.20	2342.10	2495.00	2111.05	0.255 times
31 Fri May 2024	2333.15	2225.05	2540.00	2151.00	2.615 times
30 Tue Apr 2024	2215.45	2247.95	2311.95	2051.60	0.817 times

Scroll below to view daily charts

Price has moved down 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 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 short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ajanta Pharma ( (AJANTPHARM) ) based on a short to mid 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 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 Strong and stock is gaining momentum.

MACD generated a SELL signal for Ajanta Pharma in short term and the sell signal is strong.

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. 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 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 2243.88 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.