NEWGEN

Sparks a Sharp Reversal Rally

is showing strong bullish intent after a sharp reversal from lower levels, marked by a powerful up-move and heavy volume participation. The sudden surge suggests aggressive buying and short-covering after a prolonged downtrend, indicating a potential trend reversal rather than a dead-cat bounce. With momentum picking up strongly and price reclaiming key levels, the stock can continue its recovery as long as it sustains above the ₹500–520 zone, keeping the near-term outlook firmly bullish.