Ajanta Pharma- Cup & Handle Formation
Ajanta Pharma is observed to form a cup & handle formation.
Breaking the long term resistance of 1650 and also the top of the cup. Could have a move towards the ath as the volume traded at the breakout is good. Also RSI at 72 is a very bullish factor for the stock.
PIVOT LEVELS-
R1- 1720
R2- 1774
R3- 1835
S1-1627
S2-1590
S3-1562
Breaking the long term resistance of 1650 and also the top of the cup. Could have a move towards the ath as the volume traded at the breakout is good. Also RSI at 72 is a very bullish factor for the stock.
PIVOT LEVELS-
R1- 1720
R2- 1774
R3- 1835
S1-1627
S2-1590
S3-1562
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