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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. For Education Purpose only
NSE:NEWGENLong
by rmhetre15
XAUUSD Hits FVG in Premium Zone — Bearish Setup in Play!📉 XAUUSD (Gold) has just tapped into a key Fair Value Gap (FVG) after a clean, impulsive rally — now we’re watching for Smart Money distribution and a potential reversal from this high-risk premium area. 📊 Chart Insights: ✅ Price retraced into the FVG zone between $3,225 – $3,240 ✅ This zone aligns with the 79% Fibonacci retracement, making it a premium zone for shorts ✅ Market structure shows previous bearish impulse → this could be a retracement before continuation ✅ Current PA is reacting to the imbalance left on the drop ✅ Massive downside potential to rebalance price near $3,120 🧠 Smart Money Confluence: FVGs are often rebalanced after price trades away impulsively The retrace into this inefficient pricing zone is classic Smart Money mitigation Price now sits in an area where institutions may look to offload long positions 📍 Potential Play: Short Entry Zone: $3,225 – $3,240 Targets: TP1: $3,200 TP2: $3,170 (mid-level liquidity) TP3: $3,120 (full FVG fill and higher TF draw) Invalidation: Clean break and hold above $3,240 💡 Pro Tip: Watch for a lower timeframe structure shift (15m/5m) or confirmation candle to stack entries. The market loves to sweep highs before the real move begins — patience pays. 🧠💰 📈 This setup offers 3:1+ RR and aligns with Smart Money’s tendency to sell into imbalance and hunt liquidity below. 💬 Comment “Gold Setup” if you’re trading this one! 🔁 Share or save if you're watching for the drop.
OANDA:XAUUSDShort
by ChartNinjas88