Newgen Software – Swing

Important Levels: Support: 1,050 – 1,000 Resistance: 1,200 – 1,280 Structure: Consolidation → breakout setup Business: Enterprise software (BPM, workflow automation) Strong BFSI + government clients Product-based IT model Earnings: Strong revenue visibility Good margins Consistent deal wins Verdict: 👉 Strong structure building 👉 Swing trade candidate