Neogen Looks goodNeogen Chem looks good. In an attempt to breakout.
Wait for clear strong candle.
Have taken pilot position at 1640.
NEOGEN
NEOGEN CHEMICALS BIG ENTRY 1:10NSE:NEOGEN is consolidating in a rising channel pattern.
Price is at support of the channel. Good opportunity to buy and hold for big money.
Exponential move if price breaks out from this channel.
Place sl below the channel (below day's low)
Potential 1:10+ trade. Don't miss out!
Position size accordingly. Low risk high reward trade. HAPPY TRADING!
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!
NEOGENNeogen, a classic example of a cup and handle, the stock is poised for the good up move, a good close above previous high will push the stock price.
