AJANTPHARM - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a comprehensive technical analysis of Ajanta Pharma Ltd. (AJANTPHARM)

📊 Trend Overview

Current Trend: The stock is in a short-term reversal phase within a broader downtrend. Price action remains weak, with lower highs and lower lows since its peak at ₹3,464.

Price Action: Trading at ₹2,550, below both the 50-DMA (₹2,609) and 200-DMA (₹2,644), indicating bearish pressure and lack of trend reversal confirmation.

📈 Momentum Indicators

RSI (44.0): Bearish zone, below the neutral 50 mark. Suggests weakening momentum and potential for further downside.

MACD (-21.8): Negative and diverging, confirming bearish momentum and absence of bullish crossover.

Volume: Current volume (47.2K) is slightly below the 1-week average (49.2K), showing low participation, which supports the reversal narrative.

📉 Volatility & Bands

Bollinger Bands: Price is near the lower band, suggesting oversold conditions. However, without volume confirmation, a bounce is uncertain.

📌 Support & Resistance Zones

Type Price Zone (₹) Notes

Support 2,500 – 2,520 Near recent swing low and psychological base

Resistance 2,609 – 2,644 50-DMA and 200-DMA zone

Breakout Zone 2,700+ Above this, next target is ₹2,850 – ₹3,000

🎯 Entry & Exit Strategy

Optimal Entry: ₹2,520 – ₹2,540 (on dips with bullish reversal confirmation)

Exit Zone: ₹2,600 – ₹2,700 (partial profit booking); ₹2,850+ (final resistance)

Stop Loss: ₹2,490 (below recent support)

🔍 Summary

Trend: Reversing downward short-term

Momentum: Weak signals from RSI and MACD

Volume: Low, confirming lack of breakout strength

Outlook: Cautiously bearish; wait for bounce confirmation above ₹2,609 or reversal near ₹2,520

Would you like a comparison with other pharma stocks showing stronger momentum or trend reversals?

Edit in a page