Ajanta Pharm a good short candidate for immediate target of 55 pts. The next support below is the next S/R flip zone, breaking below that would take it down further.
DISCLAIMER : FOR STUDY PURPOSE, NOT FOR TRADING.
This stock is at a very crucial level. Having already formed a major Head & Shoulders pattern, stock may again form an internal H&S if it retraces from here and we may see great falls. However this is just a possibility and if it manages to cross 1175 on closing with volume, stock may give upside move towards 1300. Stay alert and pick the right side!
