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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 2024-10-31 View latest technical analysis

10 day averaged volume of Ajanta Pharma is 92024

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	3064.70	2996.65	3180.95	2991.05	2.567 times
30 Wed Oct 2024	2996.65	2924.35	3037.75	2924.35	1.375 times
29 Tue Oct 2024	2924.35	2959.60	2980.05	2880.00	1.322 times
28 Mon Oct 2024	2922.60	2942.30	2983.95	2900.90	0.956 times
25 Fri Oct 2024	2969.30	2951.00	3080.00	2951.00	0.734 times
24 Thu Oct 2024	2970.95	2961.90	3027.55	2946.00	0.992 times
23 Wed Oct 2024	2946.40	2982.45	3009.95	2920.10	0.843 times
22 Tue Oct 2024	2977.40	3151.00	3160.00	2938.40	1.815 times
21 Mon Oct 2024	3140.30	3215.00	3216.40	3121.50	0.475 times
18 Fri Oct 2024	3199.55	3233.05	3233.05	3156.05	0.674 times

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

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 2995.8 as stoploss in an intra day buy trade for a target of 3167.01. However, stock will show a bearish move below 2995.8.

Share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Target	2111.05
Downside Target	2160.15
Downside Target	2495.00
Downside Target	2663.85
Downside Target	2717.55
Downside Target	2880.00
Upside Target	3067.05
Upside Target	3156.05
Upside Target	3376.40
Upside Target	3389.85
Upside Target	3395.00
Upside Target	3428.00
Upside Target	3485.00

Intraday share price targets for Ajanta Pharma (AJANTPHARM)

Target Type	Value
Downside Intraday Target	2902.82
Downside Intraday Target	2740.93
Upside Intraday Target	3203.77
Upside Intraday Target	3342.83
Downside Intraday Target	3041.88

Weekly technical analysis of Ajanta Pharma (AJANTPHARM)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	3064.70	2942.30	3180.95	2880.00	1.28 times
25 Fri Oct 2024	2969.30	3215.00	3216.40	2920.10	0.766 times
18 Fri Oct 2024	3199.55	3345.00	3395.00	3156.05	0.489 times
11 Fri Oct 2024	3345.35	3354.25	3428.00	3205.20	1.726 times
04 Fri Oct 2024	3324.75	3292.00	3376.40	3160.30	0.931 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
31 Thu Oct 2024	3064.70	3217.60	3428.00	2880.00	0.923 times
30 Mon Sep 2024	3201.60	3243.55	3485.00	3067.05	0.63 times
30 Fri Aug 2024	3243.55	2685.00	3389.85	2663.85	1.199 times
31 Wed Jul 2024	2695.10	2286.20	2717.55	2160.15	3.574 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Ajanta Pharma ( (AJANTPHARM) ) based on a short 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 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 neutral. A longer time frame might give a better analysis.

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.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 3004.33 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 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.