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Kundan Motwani

18th Apr ยท SEBI-Registered Analyst

๐Ÿš€ Breakout Stock: Neogen Chemicals Ltd
NEOGEN

๐Ÿš€ Breakout Stock: Neogen Chemicals Ltd ๐Ÿ“Š Price Action (Yesterday) Stock gave a clean breakout above major resistance Closed around โ‚น1500 zone with strong bullish candle Breakout supported by strong volume + momentum expansion ๐Ÿ‘‰ This indicates shift from consolidation โ†’ fresh uptrend ๐Ÿ“ˆ Technical Structure Breakout Level: โ‚น1480โ€“1500 zone Current Zone: ~โ‚น1500 Next Targets: โ‚น1600โ€“1610 Support Levels: โ‚น1440 (immediate support) โ‚น1400 (strong base) โšก Indicator Confirmation RSI: Above 65 โ†’ strong bullish momentum Moving Averages: Price above 20 / 50 / 100 / 200 EMA โ†’ powerful trend setup Structure: Breakout from consolidation โ†’ high probability continuation ๐ŸŽฏ Trade Setup Buy Zone: โ‚น1480โ€“1500 (retest area) Target: โ‚น1600 / โ‚น1650 Stop Loss: โ‚น1440 ๐Ÿง  Smart Trading Insight This is a fresh breakout (not overextended like CG Power) Better risk-reward compared to already running stocks ๐Ÿ“ข Ready-to-Post Caption โ€œ๐Ÿ”ฅ Fresh breakout alert! Neogen Chemicals crosses key resistance with strong momentum. Looks ready for next leg up โ€”

#TechnicalViews#EquityResearch#Post-ClosingCommentary
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