newgen softwarelevels on chart. self explanatory. flag and pole pattern. 5-6 months of consolidation. long term investment.
NEWGEN trade ideas
Newgen in box patternNewgen 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)
Newgen Range Breakout Works very Well.Newgen
Range Breakout Works very Well.
On Positive Breakout We can see Good Move Up to Resistance
after Resistance Breakout we can see more up move
Always Usestoploss
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
Super narrow range in Newgen Newgen software is trading in a narrow range since almost 2 months, after a strong up rally. Gave a fake breakdown of support zone last week. Today closed near the resistance zone. Can be good long trade if it manages to close above this range. Levels mentioned in chart. Follow strict risk management.
Newgen Software Technologies LtdTriangle breakout with high volume in Newgen Software Technologies Ltd
newgen software in a range no view till b.o. either waywatch the chart
posted as learning technical .
confirm ur end funda techno.
market always risky.decission is ur risk is ur
Newgen Software Technologies LtdTriangle breakout with high volume in Newgen Software Technologies Ltd
New Gen Soft - BullishStage 1 Accumulation is on
Any breakout above 630 with good volumes will activate buy
Buying some on breakout rest on pull back
Positional Trading Idea in New Gen SoftwareAll time High
Consolidated at near all time high
Available at PE ratio of 30
Consistent rising the revenue and profit
NEWGEN SOFTWARE : VERGE OF BREAKOUTNice chart pattern
Buy@CMP
TGT - 750
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 not be updated. We would not be responsible for the profit/loss resulting from this analysis
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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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.
Stock is intermediate support. buy on dips with SL :520Stock is intermediate support. Can go ahead and buy on dips with SL 520 target of 750 for short term
newgen software. correction is on, here, accumulate for 40%=400newgen software, correction has been on since jan2021, accumulate for trgt of 400 = 40%
med trm trgt 355
NEWGEN SOFTWARE: 4 Months TL BO! Go ahead abv 333Simple clear TL BO. check for huge volume spikes in lower TFs as daily is yet to be covered.
