Call for Wednesday July 15th 2020 // This is a swing trade call and not an intra-day trade //
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)...
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...