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...
MACD positive RSI > 60 Volumes Rising Bullish C Crossover (20 EMA crossed 200 EMA) and currently trading above 20 EMA and closing with strong Green Candle Support 429 Resistance 580 / 670
Newgen soft gave a cup and handle pattern breakout Might retest Good to keep on radar
NSE:NEWGEN BSE:NEWGEN Time Frame – Weekly Observations : - * After forming strong bullish RSI divergence stock break the structure of Lower Highs * Now stock is consolidating in range of 430-485 near trendline resistance * Above 485 we can expect trendline and range breakout * Below 430 view negative Resistance – 580 / 671 / 755 Support – 400-430...
It is a Heikin Ashi candle on the daily chart. This helps to find trends in volatile situations. Price is in the supply zone of Rs. 417-430, forming a triple top pattern. There is also an increase in volume which shows the beginning of a new trend. .
cross of first trendline on daily.. worth to check if it crosses the resistance and continues upward trend
Swing trade. Breakout of trend line. Go long Education purpose only. Thank you.
a beautiful trade u can take. if u r a long term investor now is the time to enter as there are some institutions who have entered u can see the volumes.
MACD Crossover Encouraging RSI Long Consolidation Strong Volumes - Accumulation Gap up opening An ideal candidate for a strong breakout.
Retested 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.
NSE:NEWGEN ====================================================== 📈 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 #ThankU For Checking Out My Content , I Hope U Liked IT...
NewGen Software seems breakout from long term consolidation concentrate if price sustain above 642 in daily
Break out with volumes and retesting its break out. Generally its a good and strong pattern. if it does not break 635 on daily than might test 52W high. Fingers crossed.
After long consolidation NEWGEN make a super breakout with good volume.. Possible target in short term 25-40% from current level with 10% SL... Size your position accordingly.
buy it with stop less below breakout candle . i am buying this at current level.
BREAKOUT AFTER LONG CONSOLIDATION , GOING TO BLAST Fresh Buy @CMP TGT - 750 & 800 𝑫𝒊𝒔𝒄𝒍𝒂𝒊𝒎𝒆𝒓: The analysis is only for illustration purposes only. Please consult your financial advisor, agent, broker before acting on any information. We may or may not have positions in the stock and our actions may be contrary to the one mentioned here. This analysis may or may...
levels on chart. self explanatory. flag and pole pattern. 5-6 months of consolidation. long term investment.
Newgen software is moving in a range for a long time, the box pattern break will give it a bull run. Volume of 7th Jan gave a sudden spike, keep an watch on closing above 645 (DCB)