AJANTA PHARMA – Educational Chart Breakdown
(SEBI Reg. INH000019886 | For Learning Only)
A classic Inverse Head & Shoulder breakout with strong follow-through. Price has cleanly broken above the neckline with expanding volume — confirming trend reversal strength.
🔍 Key Technical Highlights:
• Clear Left Shoulder – Head – Right Shoulder formation
• Breakout above neckline with sustained bullish candles
• Price riding upper Bollinger band → strong momentum
• MACD & RSI both supporting the breakout structure
🎯 Edu Levels:
• Support: ₹2,565
• Neckline Retest Zone: ₹2,600
• Measured Target: ₹2,900 – ₹3,000
📈 Summary:
As long as price holds above ₹2,565–₹2,600, the pattern remains intact. Structure bias stays positive towards the projected ₹2,900+ zone.
⚠️ Educational purpose only.
— AALGO BREATHS