NEWGEN consolidating near trendline

20 Apr 2023

NEWGEN NEWGEN

Time Frame – Weekly

Observations: -
* After forming strong bullish RSI divergence stock break the structure of Lower Highs
* Now stock is consolidating in range of 430-485 near trendline resistance
* Above 485 we can expect trendline and range breakout
* Below 430 view negative

Resistance – 580 / 671 / 755

Support – 400-430 zone

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