long newtonPositive Reversal
Rejection at confluences of
avwap
50 EMA
50% Fib
entry : Black line
SL : red line ( You can buffer)
Target : green box and all green lines above
bullish weekly and monthly RSI
NEWGEN trade ideas
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.
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.
