Equity Research Report – NEWGEN SOFTWARE TECHNOLOGIESShort-Term View: A strong breakout above key resistance at ₹1,100 with volume surge indicates bullish momentum. Price reclaimed the 50 EMA after consolidation. RSI at 60.87 supports strength; next resistance lies near ₹1,193.90.
Long-Term View: Structurally strong after correction. Sustaining above ₹1,020 (50 EMA) may attract fresh buying. Long-term targets can stretch to ₹1,300+ if earnings and demand trends remain favorable.
Conclusion: Bullish momentum likely to continue both short and long term. Watch for volume confirmation and hold above ₹1,100.
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