NEWGEN
NEWGEN - Symmetrical triangle Breakout -DailyName - NEWGEN
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 1191
Can test - 1337
SL - 1090
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Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results:
Financial Highlights
Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24.
Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year.
Revenue Breakdown
Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses.
Product/License Sales: INR 45 crore.
Implementation and Others: INR 68 crore.
Operational Highlights
New Customer Additions: 13 new customer logos were added during the quarter1.
New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.
Recognition
Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1.
Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches.
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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
NEWGEN - Ichimoku Breakout📈 Stock Name - Newgen Software Technologies Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 931.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 1325
✅ Next Resistance is at 1839
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 946
✅ Next Resistance is at 1325
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 712
✅ Next Resistance is at 946
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NEWGEN at good support levelRetested support level, long standing trendline since March 2020 intact, Resistance line can be broken in few weeks.
Buy at 570 level for upside till 630 i.e. 10% in parallel channel.
Stoploss below latest mother candle on 25 Jan at 550 i.e. 5%
Risk Reward Ratio 2:1
Can hold for larger gains as well since Q3 performance was good but stock did not move much.
NEWGEN SOFTWAREThis stock has been consolidated for two months long period in a very narrow range, recently it gave a fake breakdown and again bounced back towards resistance area, along with rsi positive breakout above 60, and macd positive crossover, if it breakouts resistance zone above 644.50 then it can make up move direction towards north, towards 750 range. after breakout, Fresh breakout candle's low can be stop loss for long trades.
RSI breakout in daily time frame that too above 60 levels
MACD in daily positive crossover
Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses