OurNifty.com

A Indian Stock Market Blog

Medium term Investment Stock: Buy Ajanta Pharma for target 486

By Leave a Comment

Ajanta pharma (NSE code: AJANTPHARM), is one of the most outperforming stocks in the pharmaceutical sector. On weekly chart we have seen an excellent trading pattern, we see stock has been in uptrend and this has made us to look for only long positions.

Here on the weekly chart, we have noticed a crossover on slow stochastic indicator which is a signal to buy into Ajanta Pharma stock around 390 to 360 zone for a medium target as 480 and then 515 level. While placing stop loss just below 330 level. Here we see a positive risk:reward ratio, which make the trade really worth taking. Article written on 21 December 12.

See weekly chart of AJANTPHARM:

Ajanta Pharma Weekly Chart
Ajanta Pharma Weekly Chart
Share
Tweet
Pin
0 Shares

You Should Read This:

  1. Medium term analysis for Bata India stock [Video] As promised we are staring the series of the publishing videos of our technical analysis. Stock for the analysis for medium term is Bata India, watch below video for complete analysis. Buy BataIndia near 740...
  2. Short term Stock Trading: Buy TTKPRESTIG Near 2706 for Target 3111, Pure Technical Analysis Short term stock for trading is TTKPRESTIG and the stock is expected to bounce after touching its technical support level which is near 100 EMA (2570 level) as seen in the chart below. We are...
  3. Technical Analysis: Buy Titan with target 313, Stock at support Daily chart of titan is showing a fresh trading opportunity for short term. As the trend in titan is up, so we are only looking to buy this stock on every declines. Stock has a...
  4. Cipla is Safe Heaven Stock, A Must have Stock in Investment Portfolio, Buy CIPLA on Dips Cipla Ltd. being one of the largest pharma company has achieved leadership in this sector in India as well as in countries like US, UK and European region. The stock performance of this company attracts...
  5. Short term Stock: Grasim is trading at support, Buy on dips Grasim industries is another stock that is trading at a strong support level and is ready for up move, Stocks on weekly chart shows a up trend hence we only focus on buying opportunities. Recently...
About Bhaveek Patel

Bhaveek Patel is one of the most successful traders, technical analyst, and investor, his areas of interest include stock market, forex, and gold trading. Apart from this, he is often seen in the golf course. He is having more than 10 years of experience in trading, had placed his first order on 19 June 2006 with IndiaInfoline.

Leave a Reply

Your email address will not be published. Required fields are marked *

Previous Post:
Next Post: