Netsol stock on a temporary hiatus, but a fresh rally awaits

On the monthly time frame, NetSol Technologies Limited (NETSOL) has a history of boom and bust cycles

The weekly chart tells a unique story. The way it’s hovering suggests it might retest its previous all-time high of 304, though it may or may not break it.

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On the daily time frame, it is in the accumulation phase, with the 142-135 range being a very good buy zone.

A trend change would occur if it breaks the 124 level and closes below it on the daily time frame.

Its current small profit-taking zones are 150, 158, 165, and 170.

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However, if it closes above 205, the new rally could lead it toward 280-300

Disclaimer
Always take the trade with your own risk appetite.
Before taking any trade do your own research first.
Financial markets are inherently risky.

⚠️ This post reflects the author’s personal opinion and is for informational purposes only. It does not constitute financial advice. Investing involves risk and should be done independently. Read full disclaimer →