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)
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
Broke the consolidation zone with bullish kicker in daily time frame Volume supports the price hike SL compulsory Duration 3 weeks to 3 months
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...