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AJANTA PHARMA LTD
Short
Jun 14, 2016
AJANTPHARMA looks Sick, needs a SELL Medicine
9
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Making Lower high and Double Top with RSI Divergence.
5 Impulse waves have also completed and it may correct now. It also looks like a truncation situation here.
Overall, supply looks strong for now or you may say profit booking is in process, makes it sell for now.
T1: 1418
SL:1610
Risk/Reward: 1:5
NeeteshJain
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Double Top
Elliott Wave
nifty50
NeeteshJain
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