SWING IDEA - AJANTA PHARMA

7월 5일

Ajanta Pharma, a mid-cap pharma player with strong branded generics in ophthalmology, dermatology, and cardiology, is showing a compelling swing trade setup backed by a high-probability technical breakout.

Reasons are listed below :

• Bullish engulfing candle on the weekly timeframe, indicating reversal strength
  
• 2,500 zone acting as a crucial support
• Holding above 0.382 Fibonacci retracement level, suggesting healthy correction
  
• Price trading above 50 & 200 EMA on the weekly chart – long-term strength intact
  
• Breakout from narrow consolidation near the 50-week EMA
  

Target - 3080 // 3400
Stoploss - weekly close below 2415

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@visionary.growth.insights

7월 16일

노트

3%+ from buying price;
upside momentum shall continue

7월 30일

노트

hold, momentum is picking up!

8월 1일

노트

back to buying price; might add on some quantity if it dips

8월 5일

노트

hold!

8월 12일

노트

Weekly close above 2800 will trigger some upmove!

8월 29일

노트

stay cautious!
trading near SL

9월 9일

노트

bounced back from the support zone;
still in the consolidation range, hold!

9월 14일

노트

bounced back from 2500 levels; hold

9월 19일

노트

still consolidating, hold!