After Buy Back from company news, NETSOL went into downward channel due to decline in profits, from its ATH (All time High) to as low as 109. When market rebounded with improvement in geo-political situation, it gave a confirmation of reversal by making a spring, crossing major support and axis lines, and breakout from downward channel with 3x volume distribution. Now it is retesting its breakout, indication a good potential trade.
🚨 TECHNICAL BUY CALL –NETSOL🚨
🎯 BUY ZONE: 133-140
📈 TP : Rs. 166 (Trail SL after 155)
🛑 STOP LOSS: Rs. 120 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
🚨 TECHNICAL BUY CALL –NETSOL🚨
🎯 BUY ZONE: 133-140
📈 TP : Rs. 166 (Trail SL after 155)
🛑 STOP LOSS: Rs. 120 (Daily Close)
📊 RISK-REWARD: High Conviction | 1:3
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.