Stock name: Neogen Chemicals

Pattern: Near a resistance

Time frame: Weekly

Observation:

The stock is up 30% in the last 2 months with more than average volume in the last 2-3 days.
However, the stock is nearing a resistance of 1600. Once this resistance is taken out, we can some more momentum in this stock.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

News for the day:

1) The BOD of EID Parry has approved second interim dividend of ₹4 per equity share to its eligible shareholders. The company board has fixed the record date on 21st April 2023.

2) Apple Inc.’s CEO Tim Cook has scheduled a trip to open the iPhone maker’s first stores in India next week, underscoring the company’s ambitions for the country as a growth market and manufacturing base.

3) India's fuel consumption jumped to a record high in March, data showed on Monday, fuelled by robust economic activity. Consumption of fuel rose by 5% from a year earlier to 4.83 million barrels per day, the highest recorded in data going back to 1998.