Pattern and range breakout in Newgen SoftwaresA range formed on weekly levels is broken with the big bullish candle. A wedge pattern is also formed which is broken. A long trade can be taken. Although much volume explosion is not seen.
NEWGEN trade ideas
Learning Idea #Prem6 - NEWGEN Short below 272THIS IS NOT A TRADING IDEA
USE THIS ONLY FOR EDUCATION
I MAY OR MAY NOT BE TRADING IT
Rising wedge good to short
Learning Idea #Prem2 Short NewgenThere is a continuous rise in the price of the share and now the Rising wedge is formed and is mos likely to fall.
THIS IS NOT A TRADING IDEA, this is only for education
Newgen Software Technologies LtdNewgen Software Technologies Ltd at support levels.
Buy with target of 164 and SL Below Support Line ( i.e, Around Rs. 132)
Entry@322 Newgen has been on my radar for quite some time. The stock has not corrected as much as the smallcap index did. The stock today has moved up 2000% volume. I have added a small position today and will be adding more on further price strength. The stock is in a Stage 2 consolidation. A breakout from this consolidation phase can spark a huge up move. Will keep you guys posted.
long, might find support in around 283it could b a potential multibagger in long term, as in the year(2018) of volatility, it showed good strength!
Time for a Breakdown?Possible Breakdown expected in this stock as there is a tough battle between the bulls and the bears trying to identify the right price in the secondary market.
