Flag (Trend continuation) patternNetsol, minimum targets are identified here as TP1 and TP2 through flag pattern. Moreover, the supply zones are also identified as Red Rectangle boxes because of Bearish engulfing candle.
NETSOL trade ideas
NETSOL hasn't achieved Cup and handle formation Final Target yetThe stock had recently made a Cup and Handle formation on its weekly chart, However, weekly closing has not been over 168, which indicates the fact that stock is likely to retraced till 143 level to get start for another rally towards its Cup and Handle formation target price of Rs. 176.
Recently the HH was around 173. accumulation the stock between 143-155 levels is recommended.
Once weekly closing is above 168, the stock is likely to test its resistance level around 198. If the stock is accumulated at an average price of 150ish, 32% gain can be expected if the stock tested its previous resistance at 198, breaking out 198 level would trigger the next resistance of 226. This movement is expected to be captured by the stock within next 12 months when the stock is likely to break its historical high of 304.75
Stop loss can be kept around 122
Netsol - LongBasic bullish momentum of HH HL is in play. I am expecting it to go to Rs 165 in the next few days.
Do your own research.
Netsol is ready to flyNetsol is ready to fly to 200+
169.8 is breakout level
Stop loss as per your risk
management.
Note: This is not a buy/sell call
NETSOL | A Bullish Opportunity with Target at 152 The price has been moving within a rectangular range between approximately 128 and 138.90, as highlighted by the green box. The stock has been in this range, testing support and resistance levels multiple times. A potential breakout is indicated at 138.90, as marked on the chart. If the stock successfully breaks out above this level with significant volume, it could head towards the resistance zone around 152, offering a strong upside. Given the consolidation and the recent bullish candlestick patterns, a long position is recommended upon a confirmed breakout above 138.90. This setup presents an attractive risk-reward opportunity, provided stop-loss orders are placed just below the support level at 128 to mitigate downside risks.
PSX NETSOL Rising Triangle- Rising Triangle Pattern
- Breakout level above 138.
- Entry can be taken once the level is breached
NETSOL potential Buy setupReasons for bullish bias:
- Price gave ascending triangle breakout
- Price bounce from strong weekly support level
- Price synched with RSI
- An excellent increase in its operating and net profit in comparison to last year
Here are the recommended trading levels:
Buy 1(CMP): 135
Buy 2: 117
Stop Loss Level: 105.00
Take Profit Level 1: 153
Take Profit Level 2: 161.16
Take Profit Level 3: Open
Play on LevelsBuy @ CMP or around 123.25
Sell around 128 - 129
Stoploss 122
Plan2
Buy above 129.50
Sell around 134 - 135
Stoploss 123
PSX Netsol Double With Divergence- Double Bottom
- Bullish Divergence
- Can take entry when prices breaks 136
netsol - double bottomis currently in a bearish trend , possibility of reversal from this zone
long entry is recommended
Netsol Made Double TopNetsol Made Double Top,
Bearish Divergence on RSI
Price may go down to the levels of 121 & 111 which are 38% & 50% of fib levels.
Bearish Divergence is appearing on Weekly TF.
Monthly Closing above 132.65 will be a
Positive Sign.
However, near 123 - 126 can be a Good
Buying Opportunity.
NETSOLThe price has been observed a pull back from its trend line support. Notably, this level coincides with a test of the 50-day Simple Moving Average (SMA). Based on this analysis, a potential pullback is anticipated from this region.
Consideration may be given to establishing long positions around the 132 mark, accompanied by a stop loss set at 125. The primary target for this trade is set at 144 and secondary target at 148.50.
NETSOL ANALYSIS 3.0
🚀 Trade Alert: NETSOL Bullish ABCD Pattern & Bullish Flag 🚀
We have identified a bullish setup in NETSOL, characterized by the following:
ABCD Pattern or Bullish Flag: Indicating a continuation of the bullish trend.
No Divergence on RSI: Confirming the continuation of the trend.
Good Support Area: Currently trading at a good support line.
Retracement: Greater than 0.61 Fibonacci level.
Buying Range:
Buy: At 129-126
Target Prices (TP):
TP 1: 142.52 📈
TP 2: 155.80 🥇
Stop Loss (SL):
SL: 114.53 to manage risk
Trade Summary:
Buy: At 129-126
TP 1: 142.52
TP 2: 155.80
SL: 114.53
Trade Type: Long Swing 🎢
Good Luck! 🍀
Stay informed and trade smart! 📊
NETSOL ANALYSIS 2.0NETSOL is in bullish trend and no divergence on the rsi indicating bullish trend conitnuation.
buy at support line 127 and SL at 122.50 and tp 1 at 134 tp 2 140.
NETSOLWe can attempt to buy NETSOL from specified level as it is trading in parallel channel , also 0.5 FIB intact , also there is no bearish divergence at current levels.
SL , TP mention in chart.
Bearish Divergences are there on Weekly TF.Bearish Divergences are there on Weekly TF.
125 - 126 is Still an Important Level that
should be Sustained.
Otherwise, 119 - 120 may give a Bounce Upside.
On the flip side, 135 is an Important Resistance.
However, if 142 is Crossed & Sustained, we may
witness 150 then 158 - 159.
Netsol-A buy trade opportunity based on fib retracementViewing the scrip initially doesn't give us a clear trend. However with the clear formation of HH and HL in the previous candles we can move forward with the 0.38 fib retracement with a nice opportunity for an upside break and a TP of 135 on the 1D time frame.
Netsol Analysis 2.0Netsol forms a bullish harmonic pattern and now it breaks last HH which is showing us that it is in a bullish trend.
Place buy order at 117.40 and buy instantly at CMP .
Place Sl at 110
Tp 1 at 124
Tp 2 at 129.
Best of luck
NETSOL(ANALYSIS).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 138+ and look to exit a portion of your position around 141-142. This approach allows for profit-taking while retaining exposure. 📈 After surpassing 142, anticipate a potential move towards 160, and be prepared to buy on dips as opportunities arise. 🛒
NETSOL - PSX - Sideways TrendNETSOL - PSX - in sideways market shows Trade Plans for both Long & Short trades with the help of support and resistance.
