📊 Ajanta Pharma Ltd – Bullish Breakout Near Resistance Zone
The stock is showing renewed buying momentum after a healthy consolidation phase, with price moving towards a key breakout area.
🔎 Technical Observations:
• Strong recovery from recent lows
• Higher highs and higher lows formation
• Bullish candle near resistance zone
• Momentum indicators turning positive
• Buyers maintaining control above support
🔑 Key Levels:
• Support: ₹3,082 – ₹2,966
• Major Support: ₹2,850 – ₹2,734
• Resistance: ₹3,199 – ₹3,315
🚀 Upside Targets:
• ₹3,315
• ₹3,431
• ₹3,547+
📉 Risk Scenario:
A sustained move below ₹2,966 may weaken the current bullish setup and lead to consolidation.
📈 Trading View:
👉 Stock is witnessing fresh accumulation near breakout levels
👉 Sustained move above ₹3,199 can trigger further upside towards higher targets
⚠️ For educational purposes only. Not a buy/sell recommendation.
— AALGO BREATHS 📊