✅Neogen Chemicals is currently trading in a long-term ascending channel and is approaching a crucial resistance level at ₹1730. The RSI is showing a bullish divergence, indicating strong momentum building up. If the stock breaks above ₹1800 with significant volume, it could see a strong upward rally. The MACD also shows a bullish crossover, supporting the possibility of further gains.
✅Neogen Chemicals, a key player in the specialty chemicals sector, has been expanding its production capacity and exploring new markets. The company's strategic initiatives and robust demand in the pharmaceutical and agrochemical sectors provide a strong growth outlook. Recent reports indicate an increase in international orders, which bodes well for future earnings.
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