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...
Neogen chemicals making an amazing patterns on D, it might break out from this zone ... a close above 970 = good trade activated targets are 10% to 20% in near term :) Risk should be seen carefully in this trade :)
My idea is for educational purpose. Buy Neogen above 930 for target of 10-20% in short term. SL-930.
Neogen just got Ninjamoku and looking for 4 digits now
Neogen chemicals underwent a huge BO few days back with large volumes and now is at the support
good technical seen on chart range breakout and retest setup on the way keep eye for low risk setup.
NEOGEN: Looking Good Cup & Handle & Bullish Breakout 800 Buy Above 800 Add Until 700 Stop-Loss 675 Target 900-1000-1100-1200+++ Positional Call
Buy above 800, it has given closing above its 50 sma with heavy volume. Educational Purpose only.
Another opportunity to ride on Neogen on its path towards 4 digits. I bought my first set of shares at 382, averaged up multiple times after that. Recent entry around 712.
Entry 695 Target 1 739 Target 2 769 chart 15 min pattern bullish bat
On a daily fram the chart is forming a flag pattern. Immediate support at 617-618. BO above 693
Red line above is the target,book profit on between 950-960
Call for Wednesday July 15th 2020 // This is a swing trade call and not an intra-day trade // NSE: NEOGEN CMP: 553 IDEAL BUYING RANGE (If u don't want an aggressive trade, you can wait for a "possible" (not guaranteed): 520 Range TARGET: 700+ (Min 20%+ above) Trail the SL once this target is achieved. Suggested Exit is on 15% on CMP STOP LOSS: 510 (9-10% Max)...
The trade to be taken with 10% SL from the least resistance point identified
Cup and Handle formation. Can be a good buy above 481. Do not wait for full targets and keep trailing profits. Note - Its a Low volume stock Disclaimer - Please do your own analysis before initiating the trade.