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NEOGEN CHEMICALS LIMITEDNEOGEN CHEMICALS LIMITEDNEOGEN CHEMICALS LIMITED

NEOGEN CHEMICALS LIMITED

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NEOGEN trade ideas

NEOGEN CHEMICALS LTD S/RSupport and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. MA Ribbon (EMA 20, EMA 50, EMA 100, EMA 200) : Above EMA: If the stock price is above the EMA, it suggests a potential uptrend or bullish momentum. Below EMA: If the stock price is below the EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions.
NSE:NEOGEN
by zenthosh
Analysis of NEOGEN (NEOGEN Corporation)Support at Rising Trendline: The daily chart indicates that NEOGEN has found support at a rising trendline. This is a positive signal, suggesting that buyers are stepping in at this level. RSI Support and Positive Divergence: The Relative Strength Index (RSI) is showing good support. Positive divergence in RSI implies that, while the stock price is making new lows, the RSI is not, suggesting potential upward strength. Harmonic Bat Pattern: The identification of a Harmonic Bat Pattern adds a technical aspect to the analysis. Harmonic patterns are used by traders to identify potential trend reversals. Proposed Trade Strategy: Entry: Consider entering a long position at the current market price (CMP) of 1500, given the support at the rising trendline, positive RSI indications, and the presence of a Harmonic Bat Pattern. Stop Loss (SL): Implement a stop loss at 1480 to manage risk and protect against unexpected price fluctuations. Target: Set a target at 1553, aiming for a potential price increase based on the identified technical factors. Conclusion: The technical analysis suggests a bullish outlook for NEOGEN, with the stock finding support at the rising trendline, positive RSI signals, and the presence of a Harmonic Bat Pattern. However, it's crucial to conduct further research, consider overall market conditions, and apply risk management strategies before making any trading decisions. Please note that trading involves risks, and it's advisable to seek advice from a financial advisor or do further analysis based on your risk tolerance and investment goals.
NSE:NEOGENLong
by yaashul
NEOGENNSE:NEOGEN please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult your advisers in case you choose to act on any such content available as WE claims no responsibilities for any of your actions or any outcome of such action
NSE:NEOGENLong
by TrAder_3101_
NEOGEN..NSE:NEOGEN please note that we are not a SEBI Registered Investor Adviser/PMS/ Broking House. All the contents over here are for educational purposes only and are not investment advice or recommendations offered to any person(s) with respect to the purchase or sale of the stocks / futures and options. You are also requested to apply your prudence and consult your advisers in case you choose to act on any such content available as WE claims no responsibilities for any of your actions or any outcome of such action
NSE:NEOGENShort
by TrAder_3101_
Neogen Chemicals 🎯 2000+NSE:NEOGEN is in a beautiful structural uptrend, wherein the ascent of the trend is becoming steeper with every other breakout. Price has currently retraced after it gave a breakout 3 weeks back. A bullish flag like pattern is made in an hourly timeframe from which it has also broken out. Safest bet is to enter entire position at the current market price, and buy more when price dips. Easy 2000 target from here within 1-2 months. If price sustains above 2000, targets further extend to 2400 levels. Do add this stock to your portfolio. It has already given multibagger returns(240% annualized) and shows no bearish signs. Place stoploss below 1490 and Hold tight. Follow strict risk management. HAPPY TRADING!
NSE:NEOGENLong
by PriceActionSpotter