NEOGEN trade ideas
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"
A pattern you would love to trade | S01e08 | Amazing contractionNeogen 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 :)
Buy NeogenMy idea is for educational purpose.
Buy Neogen above 930 for target of 10-20% in short term. SL-930.
BO and RetestNeogen chemicals underwent a huge BO few days back with large volumes and now is at the support
Range breakout good technical seen on chart
range breakout and retest setup on the way
keep eye for low risk setup.
NEOGENNEOGEN: Looking Good
Cup & Handle & Bullish Breakout 800
Buy Above 800 Add Until 700 Stop-Loss 675
Target 900-1000-1100-1200+++
Positional Call
NEOGEN Buy above 800, it has given closing above its 50 sma with heavy volume. Educational Purpose only.
#NeogenAnother 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.
Neogen Chemicals getting ready for 4 digitsOn a daily fram the chart is forming a flag pattern. Immediate support at 617-618. BO above 693
NEOGEN CHEMICALS // BONUS CALL FOR TODAY // B-BANDSCall 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) around
DURATION: In 15-20 Trading Sessions Target should be achieved
Disclosure: I may or may not have a position in this trade.
All the recommendations are subject to market conditions. Please trade at your own risks.
Neogen Chemicals IdeaCup 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 Chemicals ready to breakout on 3T VCPNeogen Chemicals ready to breakout on 3T VCP. Pivot buy placed at 490.
Neogen buying at current level and subsequent dipsNeogen - 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 on our plate.
Time will tell.
