Weekly Chart

Ajanta Phrama after forming a lower top near 1590 has been witnessing a massive sell off
This MIDCAP Pharma stock has broken down below Bearish Head & Shoulder pattern
The pattern targets for the stock could be around _ _ _ levels

The application of advanced technical analysis tools along with basics would have saved you from buying MIDCAP stocks. This stock is a short seller dream opportunity still now although stock has seen non stop selling below 1300 levels. There is still a great opportunity to make big money on the short sell side in MIDCAPs as we are probably in Wave C of larger degree as per Elliot Wave Counts. Thus, selective short selling on weak midcaps could make big money.

In short selling objectivity is very important to capture right price point with appropriate risk and money management techniques to be successful …..

We are selling the stock from 1540 levels and further below 1300 levels

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