NEWGEN SOFTWARE TECH LTD
Long

Newgen breakout ATH with vol

332
Have bought Newgen for Rs.1319 on Sept 20,2024.

Reason: Breakout ATH,after consolidation pervious week showed good volume and RSI above 70.
Note
Closed 50% position @ 1344 ( 30Sept,24) Reason : Stock corrected -5%, I generally tend to get out if the stocks moves more then -5% in a single day.

Holding other 50% ,as I believe the market will get back to normal in this week. If not will Exit before the buy price.

TODAY : NIFTY TOTAL Market fell by -1%

News :
Japan down 5%
India down 1%
China up massively

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