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Shyamlal

Consolidation Breakout with Relative strength analysis

Long
NEWGEN SOFTWARE (NSE:NEWGEN)  
Shyamlal  
NSE:NEWGEN   NEWGEN SOFTWARE
Chart Patterns Technical Indicators newgensoft consolidation consolidation-breakout relativestrength boxbreakout breakouttrading
4
0
chartpattern indicator newgensoft consolidation consolidation-breakout relativestrength boxbreakout breakouttrading
Newgen soft is in a range of consolidation for last 5 months, a good breakout above 645 with volumes will give a long entry.
Relative strength is above 0 and we will wait for the value to come above 0.10 for more strength
RSI is bullish above 60 in daily time frame
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