NEWGEN trade ideas
NEWGEN SOFTWARE PRICE ACTIONNEWGEN SOFTWARE symmetrical triangle pattern With good accumulation last 3 to 4 month good chance for long side entry wait and good conformation candle to entry
newgen software volatility contraction pattern in one hour chartNewgen software volatility contraction pattern in one hour chart
trend line support
Coming out of a consolidation📌Coming out of a consolidation
✅Keep watching
#NEWGEN
- Good volume closing on Hourly timeframe
- Above Key EMAs
- Bullish RSI
NewGen ready for next Gen moveNewGen seems strong breakout in ATH
potential move may happen concentrate if price sustain above 800
NEWGEN - Long Setup, Move is ON..NSE:NEWGEN
✅ #NEWGEN trading above Resistance of 712
✅ Next Resistance is at 946
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.
NEWGEN - Ichimoku Bullish Breakout Stock Name - Newgen Software Technologies Ltd
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 624
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Newgen Software - Techno Funda Analysis
MACD positive
RSI > 60
Volumes Rising
Bullish C
Crossover (20 EMA crossed 200 EMA) and currently trading above 20 EMA and closing with strong Green Candle
Support 429
Resistance 580 / 670
Newgen soft cup and handle breakout Newgen soft gave a cup and handle pattern breakout
Might retest
Good to keep on radar
NEWGEN consolidating near trendlineNSE:NEWGEN BSE:NEWGEN
Time Frame – Weekly
Observations : -
* After forming strong bullish RSI divergence stock break the structure of Lower Highs
* Now stock is consolidating in range of 430-485 near trendline resistance
* Above 485 we can expect trendline and range breakout
* Below 430 view negative
Resistance – 580 / 671 / 755
Support – 400-430 zone
DISCLAIMER : NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purposes only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
Triple TopIt is a Heikin Ashi candle on the daily chart. This helps to find trends in volatile situations. Price is in the supply zone of Rs. 417-430, forming a triple top pattern. There is also an increase in volume which shows the beginning of a new trend. .
Change of trend Newgen ? cross of first trendline on daily.. worth to check if it crosses the resistance and continues upward trend
Swing trade. Education purpose onlySwing trade. Breakout of trend line. Go long
Education purpose only.
Thank you.
clear trade. everything is mentioned in charta beautiful trade u can take. if u r a long term investor now is the time to enter as there are some institutions who have entered u can see the volumes.
NEWGEN SOFTWARE - How Explosive ?MACD Crossover
Encouraging RSI
Long Consolidation
Strong Volumes - Accumulation
Gap up opening
An ideal candidate for a strong breakout.
NEWGEN at good support levelRetested support level, long standing trendline since March 2020 intact, Resistance line can be broken in few weeks.
Buy at 570 level for upside till 630 i.e. 10% in parallel channel.
Stoploss below latest mother candle on 25 Jan at 550 i.e. 5%
Risk Reward Ratio 2:1
Can hold for larger gains as well since Q3 performance was good but stock did not move much.
NEWGEN SOFTWARENSE:NEWGEN
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📈 Swing / Positional Trade - Daily Chart | Pre-Breakout 📈
Buy = 635 (Breakout)
Stop-loss = 610
Target's = 705 / 755
R:R = 1:4.8
Chart Patterns = Rectangle, Head and Shoulders
#ThankU For Checking Out My Content , I Hope U Liked IT ✅
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📈 Technical / Fundamental Reason's To Trade 📈
Clean & Simple Chart Patterns
Tight Consolidation
Above - 200DMA & 20/50 EMA
Fundamentally Also looks Good
📈(Risk Must Be Managed.)
🙄Keep Your Eyes On Index
======================================================
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--------------Any Suggestions--------------
NewGen Software BullishNewGen Software seems breakout from long term consolidation
concentrate if price sustain above 642 in daily
NEWGENBreak 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.
NEWGEN- NEXT GENERATIONAfter 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.
NEWGEN SOFTWARE : BLASTBREAKOUT 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 not be updated. We would not be responsible for the profit/loss resulting from this analysis
newgen softwarelevels on chart. self explanatory. flag and pole pattern. 5-6 months of consolidation. long term investment.
