NEWGEN - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 3.7

🧠 Intraday Trade Analysis for NEWGEN

Newgen Software presents a moderately favorable setup for intraday trading today. While fundamentals are strong and volume is surging, technical indicators suggest caution due to short-term weakness and resistance near key moving averages.

📊 Technical & Momentum Overview

RSI (56.9): Slightly bullish — momentum is building but not yet strong.

MACD (-5.54): Negative — signals short-term bearish divergence.

Price Action: Trading below both 50 DMA (₹931) and 200 DMA (₹1,037), indicating short-term weakness.

Volume: Current volume (72.1L) is massively above 1-week average (16.1L), suggesting strong speculative interest.

📈 Fundamental Snapshot

Valuation: P/E of 43.5 vs industry PE of 30.0 — slightly overvalued; PEG of 1.91 supports growth premium.

Profitability: ROCE (27.8%) and ROE (22.4%) are excellent; EPS is ₹21.2.

Quarterly Profit: Dropped from ₹101 Cr. to ₹48.7 Cr. — sentiment dampener.

Institutional Flow: FII holdings declined (-0.22%), DII increased (+0.33%) — mixed but net supportive.

Debt: Very low (0.03) — adds financial resilience.

🎯 Optimal Buy Price for Today

Buy Zone: ₹910–₹915

Entry near support with tight stop-loss. Avoid chasing above ₹925 unless MACD flattens and RSI rises above 60.

💰 Exit Levels for Profit-Taking & Stop-Loss

Strategy Price Level (₹) Rationale

Target 1 935 Minor resistance zone

Target 2 950 Momentum extension target

Stop-Loss 895 Below intraday support

🕒 If You Already Hold NEWGEN Today

Exit on Weakness

Price drops below ₹895 with rising volume.

RSI dips below 54 or MACD widens negatively.

Exit on Strength

Price nears ₹935–₹950 with declining volume or bearish divergence.

Watch for reversal candles or lower highs on 5-min chart.

This setup favors tactical scalping with tight stops. Let me know if you'd like to compare NEWGEN with other midcap tech stocks showing stronger intraday momentum.

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