NEWGEN
NEWGEN
Time Frame – Weekly
Observations: -
* After forming strong bullish RSI divergence stock break the structure of Lower Highs
* Now stock is consolidating in range of 430-485 near trendline resistance
* Above 485 we can expect trendline and range breakout
* Below 430 view negative
Resistance – 580 / 671 / 755
Support – 400-430 zone
DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.