“Anand James is bullish on Newgen Software, noting a sharp rebound from the 470-500 support band with strong volumes, indicating a potential completion of the selling phase and early base formation. Improving momentum signals, including RSI exiting oversold and a bullish MACD crossover, suggest a trend reversal. He sees immediate resistance at 600-650, with a potential move towards 700-740 if this cluster is breached, provided the stock holds above 500.”

Anand James’s track record: 14 graded calls · 95% CI 12–55%