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
Newgen 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
This 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...
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.
Triangle breakout with high volume in Newgen Software Technologies Ltd
watch the chart posted as learning technical . confirm ur end funda techno. market always risky.decission is ur risk is ur
Triangle breakout with high volume in Newgen Software Technologies Ltd
Stage 1 Accumulation is on Any breakout above 630 with good volumes will activate buy Buying some on breakout rest on pull back
All time High Consolidated at near all time high Available at PE ratio of 30 Consistent rising the revenue and profit
Nice 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...
Note: 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... 3.Follow us for more patterns and like, share so that we feel it is helpful to many and share more patterns... 3. Views given here is not a tip rather it is for educational purpose... Aftermarket...
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...
( Analysis for Educational Purpose Only) By @Vinita_Enggr
Stock is intermediate support. Can go ahead and buy on dips with SL 520 target of 750 for short term
Buy - NEWGEN @691 Sl - 630 target - 820 Duration - 1 month
newgen software, correction has been on since jan2021, accumulate for trgt of 400 = 40% med trm trgt 355