NEULANDLAB - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.5

Here’s a detailed technical analysis of Neuland Laboratories Ltd (NEULANDLAB)

📊 Trend Overview

Current Trend: Strongly bullish

Phase: Trending with high momentum

Bias: Positive, though approaching resistance zone with signs of short-term exhaustion

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹13,972

200 DMA: ₹12,755

Current Price: ₹15,873

Price is well above both DMAs → confirms strong uptrend

Steep upward slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 67.1

Near overbought zone → signals strong bullish sentiment

Caution warranted for short-term pullbacks above ₹16,000

🔹 MACD (Moving Average Convergence Divergence)

MACD: 703

Exceptionally strong and positive → confirms powerful momentum

Histogram expanding → trend strength remains intact

🔹 Bollinger Bands

Price near upper band → breakout zone

Bands expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 86,648

1-Week Avg Volume: 88,775

Volume stable but not surging → trend intact, but breakout needs confirmation

Watch for volume spike to validate move above ₹16,000

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 15,300 Minor pullback zone

Support 2 13,972 50 DMA, strong base

Resistance 1 16,200 Immediate resistance

Resistance 2 17,000 Intermediate ceiling

Resistance 3 18,100 52-week high, major breakout level

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹15,300–₹15,600 (on pullback near support)

Exit Zone / Profit Booking: ₹17,000–₹18,100 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Bullish momentum with breakout potential, but RSI suggests caution

Medium-Term: Strong uptrend confirmed by MACD and moving averages

Volume: Stable, but breakout confirmation needs higher participation

🧭 Conclusion

NEULANDLAB is currently trending upward with strong momentum across all technical indicators. Price action above moving averages, a powerful MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹15,300 with targets around ₹17,000–₹18,100, while monitoring RSI and volume for signs of short-term exhaustion or breakout confirmation.

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