Newgen Software Technologies technical analysis

According to the latest Pivot data, Newgen Software Technologies’s immediate technical levels for the selected time period 5 minutes indicate key support and resistance zones that traders should closely monitor. The pivot point is positioned at ₹561.85, serving as the central reference for market sentiment. On the upside, the stock faces resistance near ₹569.95, ₹583.35, and ₹591.45, which may act as potential barriers to further price appreciation. On the downside, support levels are observed around ₹548.45, ₹540.35, and ₹526.95, offering possible rebound zones in case of a correction. These levels are crucial for traders looking to identify entry, exit, or reversal points in Newgen Software Technologies’s price movement.