Good Results and momentum pickStock had given a breakout after a long pause.Keep in your watch list for long entry.Longby ramkdlr0
NEWGEN SOFTWARE TECH LTD S/R Support and Resistance Levels: Support Levels: These are price points (green line/shade) where a downward trend may be halted due to a concentration of buying interest. Imagine them as a safety net where buyers step in, preventing further decline. Resistance Levels: Conversely, resistance levels (red line/shade) are where upward trends might stall due to increased selling interest. They act like a ceiling where sellers come in to push prices down. Breakouts: Bullish Breakout: When the price moves above resistance, it often indicates strong buying interest and the potential for a continued uptrend. Traders may view this as a signal to buy or hold. Bearish Breakout: When the price falls below support, it can signal strong selling interest and the potential for a continued downtrend. Traders might see this as a cue to sell or avoid buying. 20 EMA (Exponential Moving Average): Above 20 EMA(50 EMA): If the stock price is above the 20 EMA, it suggests a potential uptrend or bullish momentum. Below 20 EMA: If the stock price is below the 20 EMA, it indicates a potential downtrend or bearish momentum. Trendline: A trendline is a straight line drawn on a chart to represent the general direction of a data point set. Uptrend Line: Drawn by connecting the lows in an upward trend. Indicates that the price is moving higher over time. Acts as a support level, where prices tend to bounce upward. Downtrend Line: Drawn by connecting the highs in a downward trend. Indicates that the price is moving lower over time. It acts as a resistance level, where prices tend to drop. RSI: RSI readings greater than the 70 level are overbought territory, and RSI readings lower than the 30 level are considered oversold territory. Combining RSI with Support and Resistance: Support Level: This is a price level where a stock tends to find buying interest, preventing it from falling further. If RSI is showing an oversold condition (below 30) and the price is near or at a strong support level, it could be a good buy signal. Resistance Level: This is a price level where a stock tends to find selling interest, preventing it from rising further. If RSI is showing an overbought condition (above 70) and the price is near or at a strong resistance level, it could be a signal to sell or short the asset. Disclaimer: I am not a SEBI registered. The information provided here is for learning purposes only and should not be interpreted as financial advice. Consider the broader market context and consult with a qualified financial advisor before making investment decisions. by zenthosh2
Newgen breakout ATH with volHave bought Newgen for Rs.1319 on Sept 20,2024. Reason: Breakout ATH,after consolidation pervious week showed good volume and RSI above 70.Longby jagadishraju2007222
Newgen Software swing tradePros - Near 52 wk/ATH -20% down from ATH -sector tailwind -High RS -Shakeout at MA -Support at 50 DMA -C&H OR VCP -consolidation of >2 months - Volume dryup in Base - New high in RS Cons: -Results on 18th -dividend on 18th Longby RAJDAD0
NEWGEN | SWING | LONG Price is making a nice base on daily TF Base over Base structure Weekly up-trending structure followed by 20 EMA. Needs a contraction on smaller TF to execute an entry Longby devgupta2002040
Newgen software - Breakout expected. Best above 1078NewGen - Sector tailwind in IT Stocks. The stock is nearing a breakout. One can wait till 1078 for safe entry with strict stop loss of 936. Disclaimer : Educational content. Please do your own researchLongby jain_geetesh5
NEWGEN Analysis NEWGEN pullback to the inclined trendline and made a bullish engulfing pattern with above average volumes.Longby tejasgaikwad0
Newgen softwareBreakout retest and confluence of support Rsi bullish hidden divergence. price took support at 61.8% fib level bullish marabuzo candleLongby Rah3431
Keep eye on Newgen Its potential brekout ? Chart explains itself MACD crossover Target 950, 1050 SL 3% 0r 810 begin with partial quantity since breakout has not happend yet. if market falls, exit the trade STrictly educational purpose only Longby Santosh_TambeUpdated 6
NEWGENExpecting short fall if breaks latest channel. If market take support from channel it will boost to increase buying pressure.Shortby Kaviarasu_Chandrasekar221
Newgen Software NSE:NEWGEN Support 800 Sl 785 Target 829/850/868 Rsi 55 Shortm MA showing strength Formed Hammer on last trading day Volume is also showing strength Longby parimalkr2000336
NEWGEN - Good setupBroke out today worth heavy volumes. Can be a rewarding trade. Big Targets. Keep tracking. PS: For educational purpose only. Long Term target can be 40-50% from here.Longby SensiiiiiUpdated 6
NewgenBreakout trading implementation: 1. **Identifying New Trends:** Breakout trading helps traders identify the beginning of new trends by focusing on price levels where an asset breaks out of its historical trading range. 2. **Volatility Indicator:** Breakouts often occur when there's increased volatility in the market. Monitoring breakouts can provide insights into shifts in market sentiment and potential price movements. 3. **Entry Points:** Breakout points serve as potential entry points for traders looking to ride the momentum of a newly established trend. Buying on a breakout can capture the early stages of a price movement. 4. **Confirmation of Strength:** Successful breakouts indicate the strength of a trend. If an asset breaks out with high volume and follows through with sustained price movement, it suggests a strong trend in that direction. 5. **Avoiding False Signals:** Breakout strategies often include using indicators or confirmation signals to avoid false breakouts. This can enhance the accuracy of trade decisions. 6. **Defined Risk and Reward:** Breakout trading allows for setting clear stop-loss levels below the breakout point, which helps manage risk. Traders can also calculate potential profits based on the distance between the breakout point and a projected target. 7. **Adaptable to Various Markets:** Breakout trading can be applied to various markets, including stocks, forex, commodities, and cryptocurrencies. The concept remains consistent across different assets. 8. **Flexibility:** Traders can adapt breakout strategies to their preferred timeframes, whether they are day traders, swing traders, or long-term investors. 9. **Liquidity Opportunities:** Breakout points are often associated with increased trading volume, which can provide better liquidity for executing trades. 10. **Risk vs. Reward Assessment:** Traders can evaluate the potential risk of a trade (stop-loss) against the potential reward (target price), aiding in decision-making and portfolio management. 11. **Psychological Advantage:** Successful breakout trades can boost a trader's confidence and discipline, reinforcing the effectiveness of their strategy. 12. **Market Events:** Breakouts can occur around significant market events such as earnings reports, economic data releases, or geopolitical developments, offering traders opportunities to capitalize on sudden price movements. Remember, while breakout trading offers potential advantages, it also carries risks. False breakouts and market reversals can lead to losses. Successful implementation requires a solid understanding of technical analysis, risk management, and the ability to adapt to changing market conditions.Longby UnknownUnicorn24085472Updated 3
Newgen Software fresh breakout NEWGEN SOFTWARE Fresh Breakout Buy for positional. Buy Above 1061 Or wait for level of 1000 can enter Target for 1200 Stop loss 800Longby Stocksupdatesofficial0
NEWGEN Bullish structure, harmonic pattern , potentially cn touch 977 as target . Longby hrishikamirwani2
NEWGENLooks good for upmove Building up the strength Volume increasing with every price move. Only for educational purpose. Not a trade recommendation.Longby mrkundankkp0
BUY NEWGEN SOFTWAREBuy Newgen Software target of Rs 460 to 465. Result was good i mean result was quite mixed and its looking good also on chart so might be we can see some upside from these levels keep stop loss at 386. And hold Longby TraderRahulPalUpdated 7
Flag and traingle pattern Please 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% Please consider these ideas for educational purposeby aggarwalg052
Resistance BreakoutPlease 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 purposeLongby Breakout-IdeasUpdated 2
newgen i have is going to breakout be ready for it guys W pattern i found on it bullish it ihave mark level on chartLongby amair0203041
NEWGEN Idea for Positional LongMy upside idea on NSE:NEWGEN . It will be better to take entry at the level of 335.50. Then stay long for targets of 347 356 & 375 My stop loss will be 310 Note: This is my personal analysis, only for learning. Thanks.Longby thetradeterminal0
Newgen -Long Consolidation/IHSBreakout Inverted Head and Shoulder breakout in newgen Softwares - Fundamentals also well EnoughLongby kashyaomilindkale0