NEWGEN SOFTWARE

This stock has been consolidated for two months long period in a very narrow range, recently it gave a fake breakdown and again bounced back towards resistance area, along with rsi positive breakout above 60, and macd positive crossover, if it breakouts resistance zone above 644.50 then it can make up move direction towards north, towards 750 range. after breakout, Fresh breakout candle's low can be stop loss for long trades.


RSI breakout in daily time frame that too above 60 levels

MACD in daily positive crossover


Disclaimer
I am not sebi registered analyst
My studies are for educational purpose only
Consult your financial advisor before trading or investing
I am not responsible for your profits and losses