NEWGEN

Falling Knife in a Digital Downturn

is currently trapped in a aggressive bearish trend, characterized by a steep, near-vertical decline from its historical highs. The stock has recently breached multiple support levels, including a major psychological floor near 800, and is now struggling to find a bottom around the 444.55 mark. Technically, the ADX is surging at 25.63, confirming that the downward momentum is strengthening, while the MACD remains deep in negative territory without any sign of a bullish crossover. Even with the RSI at 35.82 approaching oversold levels, the absence of buying volume suggests that the "path of least resistance" remains downward, potentially testing the 400 level before any meaningful stabilization occurs.