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NETSOL TECHNOLOGIES LTDNETSOL TECHNOLOGIES LTDNETSOL TECHNOLOGIES LTD

NETSOL TECHNOLOGIES LTD

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NETSOL trade ideas

NETSOL Technologies (PSX) Hits Oversold Levels NETSOL Technologies Ltd. (PSX: NETSOL) is currently trading at 130.16 PKR, testing a critical support zone after a prolonged downtrend. The stock has been forming lower highs and lower lows, signaling persistent selling pressure. 📉 Technical Breakdown: RSI (14) at 22.92 – Deep in the oversold zone, indicating a possible short-term bounce. Price nearing a key support level at 130 PKR – A break below this could push the stock towards 120–125 PKR. If a bullish RSI divergence or reversal pattern (e.g., hammer, bullish engulfing) appears, a rebound toward 135–140 PKR may be possible. 🚨 Trading Plan: 🔹 Bullish Case: Wait for confirmation of reversal with increasing volume before entering long positions. 🔹 Bearish Case: A breakdown below 130 PKR with strong volume could signal further downside. 📊 Keeping a close watch for a potential trend shift! What’s your outlook? Comment below! 👇🔥 #PSX #NETSOL #Trading #TechnicalAnalysis.
PSX:NETSOL
by StockDuniya
1
NETSOL |Ascending Parallel ChannelThis chart shows an ascending parallel channel formation for NETSOL, indicating a potential bullish reversal. The pattern suggests bullish momentum with key targets set at different levels: the initial target at 156 PKR, secondary target at 167 PKR, and a parallel channel projection target at 190 PKR. A stop loss is defined at 130 PKR, mitigating downside risk if it breaks the channel downward. This setup suggests traders are anticipating upward movement, with increasing potential as targets are met, though the stop loss limits potential losses in case of a downward move.
PSX:NETSOLLong
by mbaberhanif
1
PSX - NETSOLTrade Plan 1. Entry Strategy Buy Zone: Enter near the current price (158.19) or wait for a retest near 148.86 (0.5 Fibonacci retracement of AB) for better risk-reward. 2. Target Levels Primary Target (TP1): 173.00 (recent high and psychological resistance level). Secondary Target (TP2): 190.06 (ABCD pattern completion). 3. Stop-Loss Place the stop-loss below the 0.786 retracement level (135.27), ideally around 132.00, to account for volatility. 4. Risk-Reward Ratio Risk: ~26 points (158.19 - 132.00). Reward: TP1: ~14.81 points (173.00 - 158.19). TP2: ~31.87 points (190.06 - 158.19). R:R Ratio: To TP1: ~1:0.57. To TP2: ~1:1.22. 5. Position Sizing Use a position size that risks no more than 1-2% of your trading capital. 6. Exit Strategy Partial Profit Booking: Close 50% of the position at TP1 (173.00). Trailing Stop: Move stop-loss to breakeven after TP1 is reached. 7. Risk Factors Market sentiment or news affecting PSX stocks. Broader market trends impacting the technology sector.
PSX:NETSOLLong
by sarfraz-hussain
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
PSX:NETSOLLong
by Trader-Roze
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:NETSOLLong
by mbaberhanif