AJANTPHARM
Analysis
A triple bottom pattern is clearly visible here.. with the price bouncing off the 2,800 thrice,I think 2800 is acting as strong support.. from my view, it is signalling a reversal in a downtrend, may be bullish trend potentially
If I happen to enter, I may wait for a breakout above 3,115 with price above all the MAs and also I will wait for strong volume around this price.
On 13th jan price has taken support on 200dma. It is also confirming the reversal.
DYOR before you invest. This is purely for education purpose.
Analysis
A triple bottom pattern is clearly visible here.. with the price bouncing off the 2,800 thrice,I think 2800 is acting as strong support.. from my view, it is signalling a reversal in a downtrend, may be bullish trend potentially
If I happen to enter, I may wait for a breakout above 3,115 with price above all the MAs and also I will wait for strong volume around this price.
On 13th jan price has taken support on 200dma. It is also confirming the reversal.
DYOR before you invest. This is purely for education purpose.
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