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Dhwani Patel

21st Aug · SEBI-Registered Analyst

Newgen - At Long term support - But overall Bearish

NEWGEN
is sitting near a crucial long-term support trendline, but the broader structure remains bearish with lower highs and lower levels. I maintain a bearish bias while the stock stays below the falling trendline, with ₹450 as the first important downside zone and ₹350 as the larger target. A sustained move back above ₹600 would be needed to challenge the bearish structure.

#TimeToExit#Pre-OpeningCommentary#TechnicalViews
Screenshot 2026-08-21 083652.png
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