NEWGEN SOFTWARE BULLISH FLAGThis stock has formed a bullish flag pattern and breakout confirmed after taking support at the bottom trendline can expect this stock to move up in coming weeks.
NEWGEN trade ideas
NEWGEN Approaching Upper Trendline in Rising Channel
✅ The stock has been trading within a well-defined rising channel, with the price currently nearing the upper trendline around ₹1,120. This suggests potential for a breakout if bullish momentum continues.
✅ The RSI is trending upwards and is around 68, indicating growing bullish momentum. The stock has shown strong resilience within the channel, respecting both the upper and lower boundaries.
✅ If the stock breaks above the upper trendline, it could aim for higher levels, potentially targeting ₹1,200. However, if it faces resistance, a pullback towards the lower trendline around ₹1,050 could occur.
NEWGEN - Symmetrical triangle Breakout -DailyName - NEWGEN
Pattern - Symmetrical triangle Breakout
Timeframe - Daily
Volume - Good volume
Cmp - 1191
Can test - 1337
SL - 1090
Always welcome for any comments with your feedback or give it a like if you find it useful.
Here’s a summary of Newgen Software Technologies Ltd’s Q1 FY25 results:
Financial Highlights
Revenue: Newgen reported a revenue of INR 315 crore, marking a 25% increase year-over-year (YoY) from INR 252 crore in Q1 FY24.
Net Profit: The net profit for the quarter stood at INR 48 crore, up by 58% YoY compared to INR 30 crore in the same period last year.
Revenue Breakdown
Annuity Revenue Streams: INR 201 crore from ATS/AMC, support, and cloud/SaaS and subscription licenses.
Product/License Sales: INR 45 crore.
Implementation and Others: INR 68 crore.
Operational Highlights
New Customer Additions: 13 new customer logos were added during the quarter1.
New Product Launch: Introduction of Newgen LumYn, a Gen AI-powered hyper-personalization platform designed specifically for the banking sector.
Recognition
Gartner Recognition: Newgen was recognized in the Gartner Market Guide for State and Local Government Grant Management Solutions1.
Newgen’s strong performance in Q1 reflects robust revenue growth and significant profitability improvements, driven by new customer acquisitions and innovative product launches.
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Disclaimer: This analysis is for informational purposes and not financial advice. The author is not a registered financial advisor. Individuals should conduct their research and seek professional advice before making investment decisions
BUY TODAY SELL TOMORROW for 5% By Kapil-MittalDON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in NEWGEN
BUY TODAY SELL TOMORROW for 5%
VCP BreakOut on DTF 📊 Script: NEWGEN
Key highlights: 💡⚡
📈 Script is giving VCP BreakOut on daily chart.
📈Volume Dry before BreakOut
📈MACD Crossover
📈 RS Line Making 52WH
📈 One can go for Swing Trade.
BUY ONLY ABOVE 1194
⏱️ C.M.P 📑💰- 1191
🟢 Target 🎯🏆 – 22%
⚠️ Stoploss ☠️🚫 – 11%
⚠️ Important: Always maintain your Risk & Reward Ratio.
✅Like and follow to never miss a new idea!✅
Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
VCP PATTERNprice has forming VCP method.Near the resistance it observing all sellers if price breakout from here it will move more higher
NEWGEN ATH + BO LongDate : 13-07-2024
-------------------------------------
BO + ATH RESEARCH TO OBSERVE
NEWGEN Looks Good ABOVE 1060
SL 692
Target 1156, 1355, 1554
Hold few Weeks to Months
Please consult your financial advisor before investing
All research for educational purposes only.
Newgen Software Tech, ready to move?Back to back Inverted Head n Shoulder (IHnS) continuous pattern
-Vol kicked in, now drying (good sign: accumulation happening, sellers exhausting)
-Good shakeout and recover very fast
NEWGEN will bullishNEWGEN will bullish , consolidate on 9 EMA + good QTR result , high volume at big time frame
educational purposes only
#NEWGENStrong Stock improving Sector strength
Likely to lead IT space.
Above All KEY MA.
Vol awaited
All time high breakout -: NewGen Technolgies It's my Bet proxy for Ai AS the main growth of Ai demand for the growth In the data Systems. It's Actually my personal Investment bet
With An SL = of 50% drop from It's Cmp.. Do research About the company..
NEWGEN - Ichimoku Breakout📈 Stock Name - Newgen Software Technologies Ltd
🌐 Ichimoku Cloud Setup:
1️⃣ Today's close is above the Conversion Line.
2️⃣ Future Kumo is Turning Bullish.
3️⃣ Chikou span is slanting upwards.
All these parameters are shouting BULLISH at the Current Market Price and even more bullishness anticipated AFTER crossing 931.
🚨Disclaimer: This is not a Buy or Sell recommendation. It's for educational purposes and a guiding light to learn trading in the market.
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newgen stock : newgen
trade : long (cash segment)
buy @ 896 above
sl @ 797
target @ 1110
note :
this information is for education only
Newgen is near breakout zoneNewgen is approaching a potential breakout area on the chart, with key levels marked. Consider purchasing once the price exceeds 881, either on accumulation or consolidation. Targets are set at 920, 950, 980, 1100, 1200, 1500, and 1700, with a stop loss at 648. The chart pattern is looking attractive.
NEWGENCompany is almost debt free.
Company has given good quarter
Company has delivered good profit growth of 19.2% CAGR over last 5 years
Company has been maintaining a healthy dividend payout of 20.4%
NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 1325
✅ Next Resistance is at 1839
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NEWGENEntry: above 1460
SL: 1415
● EMA's : EMA 10 > EMA 21 > EMA 50 > EMA 150 > EMA 200.
● Rising EMA's
● Price retraced to EMA10 and started to move up
Newgen Software locks at 5% upper limitNewgen Software locks at 5% upper limit, hits new high on bonus issue plan
Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows
Shares of Newgen Software Technologies hit a new high of Rs 1,304.70 as they were locked in the 5-per cent upper circuit on the BSE on Monday at 09:30 AM, after the company announced that its board will meet on November 27 to consider and recommend a proposal for the issue of bonus shares.
Around 19,000 equity shares have changed hands and there are pending buy orders for nearly 30,000 shares on the NSE and BSE, the data shows.
SWING Trade idea || Go Long in NEWGENFundamentally NEWGEN is a good stock and it has fallen more than 50% since All time High and currently at weekly support.
Risk/Reward Ratio is 9.39 which is excellent in this swing trade idea.
NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 946
✅ Next Resistance is at 1325
Related charts:
Charts are self-explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Resistance Breakout - NewGen SoftwarePlease look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1% - 2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking for long term.
Strong results, strong reaction and continues to move - NewGenGreat results yesterday that beat the estimates handsomly. The stock reacted positively (although the float isnt very high). Still awaiting analyst call but
Caters to mid tier banks and FI globally - this is a niche segment not fully explored by large IT firms
Their product is in vogue these days - low code enterprise (and niche as well)
Pricing has enhanced and so has adoption - cant see many reasons why the good results wont continue a couple more quarters
The street has been caught off guard (volumes indicated that) and this buying may continue for some time - but the stock will remain volatile given the relatively thinner volumes
