NETSOL Netsol Technologies Analysis 17 July 2013
NETSOL Rebound Insight
Our Pivot: 41.38
Our Preference: Short sell netsol as long as 38.43 is sustained as resistances with strict stop loss of 41.38 and profit target at 32.17 and 29.67 with extension towards 27.74
Alternative Scenario: Upward penetration of 41.38 will call for 47.00
NOTE: NETSOL is getting a strong resistance from 37 Rs area where upper trend line of its weekly trend channel is resisting against its bullish move also weekly indicators are indicating a reversal pattern in NETSOL.
Recommendations:
For New Entries ( Short Sell below 38.43 with strict stop loss. )
Existing buyers short term (Book Profits.)
Weekly Chart with Supports and Resistance:
3 COMMENTS
John Doe
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