IT - Software
NEWGEN
Newgen Software Technologies Ltd.
Caution — weak structure
Setup readiness
Late Stage
- Pivot Levels
- ₹527.0-540.7
- Support Level
- ₹506.1
- Resistance
- ₹645.6
- Risk Distance
- 6.4% to stop
Reference levels for educational study only. Not a recommendation to buy or sell.
Swing Edge Intelligence
Structured setup analysis · research only
Setup status · Weak structure
Stage 4 trend context — relative strength and breakout quality remain primary constraints.
Bullish factors
- MACD below zero — weak trend (−2).
- Price remains below intermediate trend support (50DMA).
- Price remains distant from the pivot — breakout readiness is low.
- Relative strength remains below leadership thresholds.
- Still materially below prior highs, which limits momentum quality.
- 1 prior pivot rejection in last 60d (-8 pts).
- ATR 3.7%/day — healthy volatility (+4).
- BB squeeze — energy building.
- Pivot type: flat-top — premium structure.
- RSI 49 — ideal setup zone.
- OBV divergence — price flat, volume rising: hidden strength.
- Volume flow suggests quiet institutional accumulation.
Risk factors
- Price up but OBV diverging — demand weakening
- Heavy overhead supply (76%) — trapped sellers above
- Not in a Stage 2 uptrend (Stage 4)
Overall view
Overall setup quality remains limited despite any localized compression or accumulation cues.
Setup research
NEWGEN — trend, RS & risk snapshot (not a trade recommendation)
Signal · context · invalidation · risk · skip reasons — research only
Positives
Building toward the pivot (12% below)
- Volume drying up into the base — supply fading
Context & regime
- Market regime Mixed / range-bound
- Trend stage Stage 4 — caution
- Sector Lagging (#38/40) — headwind
- Relative strength Lagging (RS 20)
- Trend strength Weak (ADX 17)
Negatives
This idea is wrong below ₹506.1 (-7.0% away)
Base / stop support breaks — the swing thesis is wrong below here
- Stop / base low₹506.1
- Pivot — failure re-entry below₹538.0
Risk distance
Risk ≈ ₹34.63/share from entry ₹540.7.
Reasons to skip 3
Disqualifiers that apply even if the score looks good.
- Price up but OBV diverging — demand weakening
- Heavy overhead supply (76%) — trapped sellers above
- Not in a Stage 2 uptrend (Stage 4)
Setup metrics Latest scan
NEWGEN Technical Analysis & Swing Setup
Grouped structure, momentum and risk from the latest research scan.
Structure
Momentum
Risk
More scanner fields
NEWGEN Support & Resistance Levels
Research chart
Daily price action with pivot, support, and resistance levels from our latest scan, plus relative strength vs Nifty.
Pivot levels, support and resistance are drawn on the price chart. · Research only.
Sector RS rank · latest scan
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Seasonality — monthly returns
How this stock moved month by month over the last ~2 years.
A rough tendency, not a reliable pattern. Research only, not advice.
AI insights
AI Insights
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Pattern context 52w · setup · flow
52-week range
—Stage-2 ideal band · Early recovery
Pattern highlights
Pattern signals from the latest scan
Smart money flow
Last 60 sessions · accumulation vs distribution
Setup intelligence Overhead · VCP · radar · risk
Overhead supply
Resistance ceiling above current price
Chase / failure risk
Honest read on exhaustion & extended moves
Base / VCP coil
Depth, contractions & pivot distance
Setup quality radar
Shape of the setup in one view
Peer comparison Sector peers
Sector Peer Comparison
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NEWGEN FAQ Common swing-trading questions
Frequently asked questions about NEWGEN
What are the screener observations for NEWGEN?
On Swing Edge's swing-setup framework, Newgen Software Technologies Ltd. (NEWGEN) currently grades D — low-quality — likely skip. Building toward the pivot (12% below). Flagged today. This is educational research, not investment advice.
What are NEWGEN's support and resistance levels?
For NEWGEN, near-term support sits around ₹506.1 (the base/stop zone); overhead resistance is around ₹538.0 (the breakout pivot); the next resistance above is ₹645.6. This is educational research, not investment advice.
What is the breakout / pivot level for NEWGEN?
The breakout pivot for NEWGEN is around ₹538.0. Price is about 12.1% below the pivot and still building toward it. A breakout is typically confirmed on a close above the pivot with above-average volume. This is educational research, not investment advice.
Is NEWGEN above its 50-day and 200-day moving averages?
NEWGEN is currently in Stage 4, not a confirmed Stage 2 uptrend, so trend support from the key moving averages is weaker than ideal for a swing entry. This is educational research, not investment advice.
How strong is NEWGEN versus the market (RS rank)?
NEWGEN has a relative strength (RS) rank of 20 out of 100 versus the NSE universe, making it lagging the broader market on relative strength. Trend strength (ADX) reads 17, indicating a weak/choppy trend. This is educational research, not investment advice.
Answers are generated from Swing Edge's latest scan data and are for research only — not investment advice.
Prices and day-change figures use the last daily close from scan data dated 2026-06-25 — not live intraday NSE quotes.