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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 2024-07-23 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 200166

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	2335.10	2300.00	2355.50	2258.80	0.641 times
22 Mon Jul 2024	2294.60	2262.75	2321.00	2236.10	0.298 times
19 Fri Jul 2024	2287.60	2300.15	2317.05	2225.00	0.846 times
18 Thu Jul 2024	2285.10	2230.00	2305.15	2223.55	0.483 times
16 Tue Jul 2024	2227.75	2260.05	2261.15	2222.40	0.823 times
15 Mon Jul 2024	2261.15	2203.00	2275.00	2203.00	0.548 times
12 Fri Jul 2024	2201.85	2226.95	2240.55	2196.00	2.352 times
11 Thu Jul 2024	2213.85	2260.00	2284.90	2205.00	0.405 times
10 Wed Jul 2024	2255.45	2254.00	2285.80	2202.30	2.244 times
09 Tue Jul 2024	2251.15	2300.00	2304.90	2225.00	1.423 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 2347.6, for a target of 2303.7 or 2267.18

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	1998.35
Downside Target	2051.60
Downside Target	2111.05
Downside Target	2311.95
Downside Target	2317.05
Downside Target	2317.65
Upside Target	2355.50
Upside Target	2379.00
Upside Target	2495.00
Upside Target	2540.00

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2262.3
Downside Intraday Target	2189.5
Upside Intraday Target	2381.7
Upside Intraday Target	2428.3
Downside Intraday Target	2308.9

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Jul 2024	2335.10	2262.75	2355.50	2236.10	0.348 times
19 Fri Jul 2024	2287.60	2203.00	2317.05	2203.00	0.386 times
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

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
23 Tue Jul 2024	2335.10	2286.20	2355.50	2160.15	2.334 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 Strong and stock is gaining momentum.

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

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 red color and prices are in or above the red 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 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 2249.05 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 negative.

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