Thursday, June 16, 2011

Ajanta Pharma Ltd.( AJANTPHARM)-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook


AJANTPHARM  closes  at 322.00  with a  fall of -0.5 % on 16June 2011 with formation of Bearish Spinning Top  on Daily  Price Chart. Technically,  AJANTPHARM is looking extremely Over-Bought on  Charts. Major Momentum Indicators are too Overbought. RSI is  now trading at 80.43. Buyer-Seller Force Index has started showing weakness on Daily Price Chart.
We Recommend to SELL  -  AJANTPHARM  At  CMP
Target- 294/259
Stop-Loss –326
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