NEOGEN ready for an upside move of 15-20%
Every time price touches the Ascending Trend Line(TL) it gave an upside move of at least 20 % or more.
I've marked in green where the percentage is mentioned.
It's because the support is very strong, as we can see multiple support at the bottom.
Again the price is ready to bounce keeping Stop loss behind the ascending TL or as per your risk appetite.
Simple logic makes money not putting several indicators in one chart which just complicates things.
As one of my principles says "To be profitable you must give up the fear of losing, instead focus on position sizing,
trade signals and facts, not EMOTIONS"
I've marked in green where the percentage is mentioned.
It's because the support is very strong, as we can see multiple support at the bottom.
Again the price is ready to bounce keeping Stop loss behind the ascending TL or as per your risk appetite.
Simple logic makes money not putting several indicators in one chart which just complicates things.
As one of my principles says "To be profitable you must give up the fear of losing, instead focus on position sizing,
trade signals and facts, not EMOTIONS"
Trade active:
We have already coved 18% in this ,still we can wait or one can book profit.
