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jayaprakash99

NEOGEN forming Head and Shoulders?

NEOGEN CHEMICALS (NSE:NEOGEN)  
jayaprakash99  
NSE:NEOGEN   NEOGEN CHEMICALS
Head and Shoulders Support and Resistance Supply and Demand
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headandshoulders supportandresistance supplyanddemand
Seems NEOGEN is forming a Head and shoulder pattern, which is a bearish pattern. If the price closes below 1500, with good volume, then it can go further to 1370 and 1200 levels. However, if the price bounces back at 2000 levels, the pattern becomes invalid. So keep a look at this for a trade opportunity.

Cheers! This is as per my Analysis. Feel free to share your view about this. Please do your analysis before trading/Investing.

Happy Trading
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