AJANTPHARM - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

Technical Rating: 4.5

📊 Technical Overview of Ajanta Pharma Ltd. (AJANTPHARM)

📈 Trend Analysis

Current Price: ₹2,823

50 DMA: ₹2,661

200 DMA: ₹2,660

Trend Status: The stock is in a strong uptrend, trading above both moving averages with bullish momentum and improving volume.

📈 Momentum Indicators

RSI (63.4): Bullish, approaching overbought zone. Indicates strong momentum, but not yet overheated.

MACD (51.7): Strongly positive, confirming upward momentum and trend continuation.

Volume: 1.28L vs 1-week avg of 1.12L — above average, supporting the bullish move.

📊 Bollinger Bands

Price likely near the upper band, consistent with strong RSI and MACD.

Bands may be widening, suggesting momentum breakout potential.

📈 Moving Averages Summary

Indicator Value (₹) Signal

50 DMA 2,661 Support

200 DMA 2,660 Strong Support

Current Price 2,823 Above both DMAs

🔍 Support & Resistance Levels

Type Price Range (₹) Notes

Support 1 2,750–2,770 Minor pullback zone

Support 2 2,660–2,670 DMA cluster support

Resistance 1 2,950–2,980 Near-term resistance

Resistance 2 3,200–3,250 Mid-term breakout target

🎯 Entry & Exit Strategy

Optimal Entry Zone: ₹2,750–₹2,770 (on minor dips or RSI cooling)

Exit Zone (Short-Term): ₹2,950–₹2,980 (initial resistance), ₹3,200+ (if breakout sustains)

Stop Loss: ₹2,660 (below DMA support)

📌 Summary

Trend: Strong uptrend

Momentum: Bullish and accelerating

Volume: Rising, confirming strength

Setup: Ideal for momentum traders; breakout continuation likely if volume sustains

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