NEWGEN - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

IntraDay Trade Rating: 2.3

📉 Intraday Trading Analysis for NEWGEN

NEWGEN is currently not an ideal candidate for intraday trading due to weak momentum, poor technical structure, and signs of bearish sentiment. While the fundamentals are solid long-term, the short-term setup is unfavorable.

❌ Bearish Indicators

RSI (18.7): Extremely oversold — signals weakness, not reversal yet.

MACD (-80.1): Strong bearish momentum.

Price < 50-DMA (₹1,066) & 200-DMA (₹1,101): Deeply below key averages.

Volume (3.08L) < Avg Vol (7.17L): Sharp drop in trading interest.

FII Holding ↓ (-0.22%): Foreign investors exiting.

Price Down ~52% from High (₹1,799 → ₹858): Severe drawdown.

✅ Supportive Fundamentals (Long-Term)

ROCE (28%) & ROE (22.5%): Excellent capital efficiency.

Debt-to-Equity (0.04): Virtually debt-free.

PEG Ratio (1.62): Reasonable for growth.

Dividend Yield (0.58%): Slight income cushion.

Qtr Profit Var (+4.52%): Stable earnings despite price fall.

🔹 Intraday Strategy

📌 If Entering Fresh Today

Avoid Entry unless there's a clear reversal signal.

If attempting a high-risk bounce trade

Buy Price: ₹845–₹850 (near intraday support)

Target 1: ₹875 (minor resistance)

Target 2: ₹890 (if volume spikes)

Stop-Loss: ₹830 (tight risk control)

📌 If Already Holding Today

Exit Triggers

RSI fails to recover above 25 by midday

MACD continues downward slope

Price fails to hold above ₹860–₹865 zone

Volume remains below 4L by mid-session

🧠 Final Thoughts

NEWGEN is technically weak and lacks momentum for a confident intraday trade. If you're holding, consider exiting on any bounce toward resistance unless strong volume and RSI recovery emerge. This stock may be better suited for positional trades once technicals stabilize.

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