NETSOL is BullishNETSOL 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.
NETSOL trade ideas
PSX: NETSOL TO SHINE NOWNETSOL 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 specified support zone, fib 0.38 & 0.5. it is assumed under these circumstances that this time the price shall make a big move towards north.
For the trading purpose the TP-1 has been defined. For a medium term investment the TP-2 & TP-3 has also been identified
Profitable trading is Happy Trading
NETSOLPrice action is making bearish flag pattern, break of the flag can test 70 level which is the mojor demand area.
NETSOL - initial target of 10% upside
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 stance on the IT sector and have identified NETSOL and TRG as top picks.
Currently, NETSOL is trading at $80. I have set an initial target of 10% upside, and once this target is achieved, we can review and discuss the next set of targets.
Please note that the above analysis represents my personal opinion as a financial analyst. It is important to conduct further research and analysis before making any investment decisions.
