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Technicals for Ajanta Pharma Limited
By MusingTheNews
2025-04-25 20:22
Overall Technical outlook
Price Summary
In today's trading session, AJANTPHARM's shares slumped by -4.44%, marking a unimpressive day. On 2025-04-25, Ajanta Pharma Limited's stock started at 2800.4, soared to 2829.4, dropped to 2664.5, and finished the day -4.44% lower at 2676.0, with a trading volume of 68055 shares. Over the previous 52 weeks, the stock reached a high of 3426.5 and a low of 2193.5. 12 analysts estimate that the future price of AJANTPHARM will fall between 2288.0 and 3667.0, with an average price expectation of approximately 3085.0.
Technicals
Support and Resistance: The current price of 2676.0 is supported at 2568.65, with resistance at 2824.9. This suggests that the price for AJANTPHARM might remain between these levels, where 2568.65 acts as a floor and 2824.9 as a ceiling in the market. Support/Resistance for AJANTPHARM
Aroon: Aroon's bullish trend is ongoing, with Aroon Up consistently at the 100 level. While this suggests strong market momentum, it's important to analyze this trend further with other indicators to gain a comprehensive understanding of the market's direction. Aroon chart for Ajanta Pharma Limited
Bol. Bands: The BOLL BANDS is currently neutral, offering no clear guidance on market direction. This suggests that the market may be in a state of pause, with no strong trend emerging. Bolinger Bands chart for Ajanta Pharma Limited
Parabolic SAR: The PSAR remains bullish in its outlook, setting a key support level that could sustain the ongoing upward trend. This strong support indicates that the market may continue to rise, with the bullish momentum likely to persist for AJANTPHARM. Parabolic Stop and Reverse chart for Ajanta Pharma Limited
Stochastic: The stochastic indicator for AJANTPHARM shows the K-line falling below the D-line, while remaining above 80, suggesting a possible beginning of a bearish price move. This configuration may indicate that the market's upward momentum is losing steam, potentially leading to a downward trend. Traders should watch closely for further confirmation of this shift. Stochastic chart for Ajanta Pharma Limited
Tripple Moving Agerage: The current reading of the Tripple MOVING AVG is neutral, offering no clear signals for a movement in either direction. This suggests that the market may be in a holding pattern, with no dominant trend in place. Tripple SMA chart for Ajanta Pharma Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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