Fundamentally NEWGEN is a good stock and it has fallen more than 50% since All time High and currently at weekly support.
Risk/Reward Ratio is 9.39 which is excellent in this swing trade idea.
Trade active
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gave 14% profit in one month.
Trade active
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Gave total of 20% Profit in 2 months.
Trade closed: target reached
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60% Profit in 6 months... I am still bullish and holding on to my position and, once it crossed 600, will sold half of the quantity to my investment, and will hold the rest of the shares forever.
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As expected it crossed 630 rs, I have sold half of my shares to get my investment, and gonna continue to hold the remaining shares forever.
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Going excellently with 1200 rs per share.. bought at 350 rs.. more than 3.5 times in a year.. My best pick for 2022-23 year so far.. As mentioned, I am gonna gold half of my shares forever.