The Pharma sector is doing well and Ajanta Pharma is at below Pivot Levels and likely to bounce back. So the bull rally may continue if it crosses Rs. 1044.00. As per this Theory it is good for short term, 1 to 2 months, and not for Intraday. Trade with strict Stop Loss and never compromise with Target which may be 1:1 minimum. Always trade uniformly to average your trades.
AJANTPHARM LEVELS – DOW THEORY ANALYSIS.
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Stock Analysis
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Bullish View
Bearish View
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The marking seems to be congested towards the later section of the chart. I have made my marking for your reference.
Request you to spot the trade area ( where to buy/sell) as indicated by me in the attached chart.
Thanks for your observations and I too felt the congestion. Since it is my first submission, mistakes might happen. I shall take note of your observations and take care in future assignments and see that they are not repeated.