Neogen Chemicals Ltd is in a bullish trend but currently consolidating in a descending channel. The stock price is ₹2,125.40, with support at ₹2,016.92 (20-day EMA) and ₹1,914.80. A breakout from the channel could signal further gains, while a breakdown below ₹2,016.92 may lead to a decline.
Here's an analysis of the provided stock chart for Jubilant Pharmova Ltd:
1. **Price Movement**:
- The stock is currently trading at 854.85 INR, up by 9.75 INR (+1.15%).
- The stock experienced a significant upward movement with a large green candlestick, indicating a strong bullish sentiment.
2. **Support and Resistance Levels**:
- **Resistance**:...
The chart shows that the stock price of Clean Science is going up.
Key points:
- The price broke above 1580.64, which was a resistance level (a price it struggled to go above before).
- There is a lot of buying activity, as shown by the high volume.
- The RSI (a measure of how fast the price is moving) is high but not yet in the overbought zone, meaning the...