NETSOL is exhibiting strong bullish momentum, aiming for new highs after surpassing 142. While 137.57 previously posed a robust resistance, it's steadily diminishing. 🚀 The increasing volumes, coupled with bullish indicators like RSI, Stochastic, and expanding Bollinger Bands, support a long position strategy. Consider entering a long position once NETSOL crosses...
NETSOL - PSX - in sideways market shows Trade Plans for both Long & Short trades with the help of support and resistance.
NETSOL - PSX reversed trending phase, now trading in declining phase.
The price action validates a breakout and subsequent retest subsequent to the formation of a cup and handle pattern. Currently positioned at the confluence of a support level around 124, if this support level endures, a pullback is anticipated. Notably, a resistance level rests at approximately 144, and only upon its breach can further bullish momentum be expected.
Those who Do Not want to Take Risk at Current Levels, Should Wait for Breakout Above 143 for the Initial Target of 160
Netsol is buy on dips,breaking long consolidation range is on bullish move could give good returns.
NETSOL must surpass the 144 resistance level to effectively conclude its bullish momentum, as delineated by the cup and handle pattern. Notably, a significant supply zone is situated within the range of 182 to 195. To mitigate potential losses, it is prudent to implement a stop loss strategy below the 125 mark, which represents the neckline zone of the pattern.
Initially 125 is a Strong Resistance 114 - 118 may appears to be a Good Support for Quick Trade
Buy1 around 90.90 - 91.40 Buy2 around 83 - 84 TP(1) 95 - 97 TP(2) 101 - 103 Stoploss 75 (Closing basis)
NETSOL is forming bullish divergance on 4h time frame, and also break the nick line, we take a entry on Entry point or at market price.
NETSOL is currently bullish as it is printing higher highs and higher lows, the rally is expected to continue further up. Targets are mentioned on the chart.
Buy above 117 Sell around 121 then 123 Stoploss 108 (closing basis)
NETSOL is a technology company that has been gaining the momentum for t Bull run. It started accumulation at the start of September the volume in recent days has been good causing the average daily volume to rise. At every swing high the price has been inching up and now the price is being rejected at another swing high which is expected to get support at the...
Price action is making bearish flag pattern, break of the flag can test 70 level which is the mojor demand area.
After witnessing a rapid recovery in IT stocks worldwide, especially on the NASDAQ, it seems that a similar trend may be expected in Pakistan's IT sector in the near future. The IT sector is poised to be a significant beneficiary of the current economic environment, with the government likely to provide further tax rebates. Given this outlook, I hold a bullish...