Get started

Range

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.
NSE:NEWGEN
by mantusharma13
How to trade in and out of a sideways range?Horizontal price movement is seen when the powers of demand and supply are roughly equal, thus forming a "sideways trend". This usually occurs during a period of consolidation before the price continues a prior trend or reverses into a new trend. A sideways trend is also sometimes referred to as a "horizontal trend". _____________________________________________________________________________________________________________________________ An important indicator is volume, which usually remains flat during a sideways trend as the bulls and the bears balance out each other. A surge in volume is seen when the breakout or breakdown is expected to occur. _____________________________________________________________________________________________________________________________ Ways to profit from a sideways trend : 1. Typically traders will try to capitalize on breakouts or breakdowns, to try and ride the momentum in the direction of the break, thus generating profits. But breakouts are prone to failures, so a more prudent approach can be to wait for a re test of the level price broke out from and then initiate the trade. 2. If the price regularly rebounds from the support and resistance levels as can be seen in the chart, traders may try to buy the security when it nears the support levels and sell it when the price nears resistance levels. _____________________________________________________________________________________________________________________________ Now, as we can see that the price of IGL was bouncing around in the sideways channel. It failed to move past 545 on 09.04.21 and 11.06.21. Similarly it bounced back from 500, at 5 occasions, on 25.03, 06.04, 19.04, 30.04 and 21.05.21. It finally broke out above 545 with above average volume on 29.06.21 and soon made a high of 584. It travelled almost the width of the range after breaking out as is expected. And then it started pulling back and has touched the top of the range. A continuation candle with strong volume has occurred now. _____________________________________________________________________________________________________________________________ A long can be initiated with the following levels in mind if the price sustains above the "LONG ABOVE" level for 15 minutes. LONG ABOVE: 548.70 STOP LOSS: 534.80 TARGET 1: 562.60 TARGET 2: 576.50 _____________________________________________________________________________________________________________________________ Trade your plan and manage your risk effectively. Like and follow for more. :)
NSE:IGLEducation
by Tradeception_
2
Mentorship InstaView 09 July’21: Stuck I Am 
Nifty View: Benchmark index Nifty finds itself stuck within a tight range thanks to the recent lack of follow-through buying or selling last week. This is the 75min chart of the index which clearly shows the importance of the short term support range at (15,650-15,700). At current prices, the index has already shifted into a short term DOWN trend and a sustained close below 15,650 will not be good news for Bulls. On the upside however it is (15,900-15,930) which has held the index down. So essentially we are looking at close to a 300-point range for the index to work with as we head for the next week. Considering the long term charts are still UP and strong it’s better to keep a cautiously bullish stance. Thank you for following my work and please feel free to share your thoughts and suggestions.         Trade Well. Trade Wise. 
NSE:NIFTY1!
by Abhijit_Paul
1