AJANTPHARM | Consolidation | Breakout | Daily

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### 📊 **Technical Analysis Summary:**

#### 🔹 **Chart Pattern:**

* **Falling Channel** (Yellow trendlines): Price has been respecting a downward-sloping channel since mid-2023.
* Recently, the price **broke out above the upper trendline**, indicating a **potential trend reversal**.

#### 🔹 **Consolidation Zone:**

* There was a **rectangle consolidation** (boxed region) between ₹2,480 and ₹2,700.
* The breakout above ₹2,700 confirms bullish intent and may act as a new support.

#### 🔹 **Breakout Target:**

* The measured move from the box is **approx. ₹217.75**.
* Adding to the breakout level gives a projected **target of ₹2,920**.

#### 🔹 **Volume:**

* **Volume spike** on breakout day = strong confirmation of the breakout.

#### 🔹 **RSI (Relative Strength Index):**

* RSI broke out of its own **downtrend resistance**.
* Now trading above 60 = bullish momentum building up.

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### 🎯 **Levels to Watch:**

| Type | Price (₹) |
| ----------------------- | ----------- |
| **Breakout Point** | 2,700 |
| **Current Price** | 2,730 |
| **Target** | 2,920 |
| **Support Zone** | 2,480–2,700 |
| **Volume Confirmation** | Yes ✅ |

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### ✅ **Conclusion:**

Ajanta Pharma is showing strong bullish signs:

* Breakout from falling channel
* Volume-backed move
* RSI confirmation

**As long as the price holds above ₹2,700**, the upside towards ₹2,920 remains intact.