NEOGEN bullish above 1951.?? - Thursday, 19 September.

NEOGEN: Bullish if ~32 month long consolidation range is broken on good volumes and sustains.

The above information does not constitute investment/trading recommendation and it is purely for educational purpose....

INTRADAY Trading Strategy in 3 stages of breakouts:

1) Impulse upmove stage: The strong upmove (nearly upto 1.5% from trigger-price) happens within five minutes. "High Risk Traders" buy on breakouts in hope of continuation of upmove. "High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk:High reward set up as breakouts may fakeout (reversal)also

2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). "Safe traders" with minimum risk profile wait for a breakout from the consolidation stage to enter into trade, to book high profits in the final "Breakout continuation" stage

3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.(another 2-3%)

Both Safe Traders/High Risk Traders book profits at this stage

SWING Trading Strategy:

Position is kept open, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%)


The above information do not constitute, financial, investment, trading, or other types of advice or recommendation. It is purely for educational purpose....


Nota
1985 in 3 minutes from 1951... nearly 1.5%
Nota
2020 Rs now..... up nearly 3.5%
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2034 .... over 4% in a bearish market
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2057 now... over 5%
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2077 ... over 6%
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made a high of 2108 so far... up 8% from trigger price of 1950
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high of 2150... up 200 Rs. (10%) in less than 1 hour...
Nota
Made a High of 2225 from the trigger price 1951... Upmove of 274 Rs....Over 14% intraday!!!
Chart PatternsTrend Analysis

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