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Stock analysis Ajanta Pharma Limited AJANTPHARM

More indepth analysis on MunafaSutra.com

Moving Averages for Ajanta Pharma Limited

  • 5Day Average: 2828.46
  • 12Day Average: 2844.98
  • 20Day Average: 2879.72
  • 50Day Average: 2949.79
  • 100Day Average: 3071.68
  • 150Day Average: 2843.13
  • 200Day Average: 2693.07

AJANTPHARM Indicators & signals

Indicator MACD (12,26,9)

2848.04, 2888.9, -38.25
Indicator MACD is in negative zone

Indicator ADX (14)

34.73, 11.14, 23
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of AJANTPHARM Ajanta Pharma Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 2790.90 2751.90 to 2807.50 -0.46% 1.04 times
24 Tue Dec 2024 2803.75 2781.20 to 2818.75 -0.06% 0.3 times
23 Mon Dec 2024 2805.50 2794.35 to 2869.90 -2.13% 0.43 times
20 Fri Dec 2024 2866.45 2805.80 to 2907.05 -0.32% 1.29 times
19 Thu Dec 2024 2875.70 2842.00 to 2905.95 -0.58% 1.25 times
18 Wed Dec 2024 2892.50 2860.00 to 2909.00 0% 0.75 times
18 Wed Dec 2024 2892.50 2860.00 to 2909.00 0.58% 0.75 times
17 Tue Dec 2024 2875.75 2842.40 to 2902.50 -0.72% 1.1 times
16 Mon Dec 2024 2896.55 2794.70 to 2900.00 3.17% 1.8 times
13 Fri Dec 2024 2807.45 2775.15 to 2861.55 -1.11% 0.78 times
12 Thu Dec 2024 2838.95 2790.05 to 2875.75 1.62% 1.56 times
11 Wed Dec 2024 2793.70 2751.20 to 2817.60 -1.08% 4.46 times

Technical analysis forecast for Ajanta Pharma Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Ajanta Pharma Limited AJANTPHARM at this time. Stock is falling and might fall more.

It appears as if Ajanta Pharma Limited AJANTPHARM gave a large move recently.

Stock of Ajanta Pharma Limited (AJANTPHARM) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Ajanta Pharma Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Ajanta Pharma Limited stays below 2800.4, but if it comes above 2800.4, then a intra day buy could be more profitable.
If you take a sell trade below 2800.4, then use 2800.4 as stoploss and 2714.8 as target. However if you take a buy trade in Ajanta Pharma Limited, then use 2800.4 as stoploss and 2871.77 as target.

More indepth analysis on MunafaSutra.com