SWING IDEA - NEULAND LABNeuland Lab , a niche API manufacturer with strong export presence and leadership in complex molecules, is offering a technically strong swing trade opportunity from key support levels.
Reasons are listed below :
11,500 zone acting as a crucial support area
Formation of a hammer candle on the weekly timeframe, signaling potential reversal
Reversing from the 0.618 Fibonacci retracement zone – the golden pocket
Taking support at the 50-week EMA , holding long-term trend structure
Target - 14900 // 17600
Stoploss - weekly close below 10215
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