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.
Neogen - buying at current levels and subsequent dips
past 3 years average sales growth 32% pa
past 3 years average profit growth 57% pa
past 3 years average margins growth 9.62%
Current ROE 29.85%
The stock is up 65% from its low of 2019. If the pullbacks remain shallow 20/25% and the next quarter results are showing a growth of 20/25 %. we may have a winner...
Neogen Chemicals Ltd. engages in the manufacture of specialty chemicals which are used in pharmaceutical, engineering, and agro chemical industries. Its products include organo bromine, specialty chloro, and inorganic bromine compounds, grignard reagents, advance intermediates, and lithium salts. The company was founded by Haridas Thakarshi Kanani on March 7, 1989 and is headquartered in Thane, India.
NEOGEN
