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
Newgensoft
NEWGEN - Ichimoku Bullish Breakout Stock Name - Newgen Software Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 624
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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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 SOFTWARENSE:NEWGEN
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📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈
Buy = 635 (Breakout)
Stop-loss = 610
Target's = 705 / 755
R:R = 1:4.8
Chart Patterns = Rectangle, Head and Shoulders
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📈 Technical / Fundamental Reason's To Trade 📈
Clean & Simple Chart Patterns
Tight Consolidation
Above - 200DMA & 20/50 EMA
Fundamentally Also looks Good
📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
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--------------Any Suggestions--------------
Consolidation Breakout with Relative strength analysisNewgen 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
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
NEWGENNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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3. Views given here is not a tip rather it is for educational purpose... Aftermarket opens, the condition might change so learn to handle different conditions...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
NEWGEN STOCK ANALYSIS
1. Today we'll discuss another company which is NEWGEN SOFTWARE
2. Today Date is 08-09-2021.
3. Currently stock is trading at 595.45 which is shown in candle chart.
4. There is short term target which is 595.45 to 656 which is shown in image above, which is approximately 10% gain. Stock is trading in range.
5. How much time it takes to reach target, according to my analysis, it takes maximum 2-3 month or maybe very soon.
6. NEWGEN SOFTWARE NSE Code is NEWGEN
7. Balance sheet of company is in profit
8. Company has reduced their debt.
9. Company now almost debt free.
IMPORTANT RULES
10. Only invest 3 % of your capital in one stock, Please don't ignore this rule because we are investing our hard-earn money here so risk management is best part of trading.
11. We never sell stock in loss.
12. We are investing in equity share.
13. Patience is the key in equity, sometime great company went down that is the opportunity to buy these companies because we know they will come back very quickly.
14. From my experience screener.in is best website for reading company financial data/balance sheet and for technical chart in.tradingview.com is best website.
15. My experience/learning is saying that if we have proper plan in share market we can easily earn money in equity.
16. Don't forget to bookmark this blog page. Because a lot of stock analysis are coming here with genuine guidance.