Trading Note: NETSOL Technologies Ltd. (NETSOL) - Long Position Recommendation
Date: June 13, 2025
Subject: Potential Long Opportunity from Major Support Level
Overview:
This note recommends considering a long position on NETSOL from its significant major support level around 125. Recent price action suggests a compelling opportunity for a bounce from this historically pivotal zone.
Analysis of the 125 Support Level:
The price level of 125 stands out as a critical major support for NETSOL. This level has consistently acted as a strong demand zone, where buying interest has historically emerged to halt downward momentum and initiate price reversals. Looking at past performance, the price has made several notable pullbacks from this area. Each time NETSOL has approached 125, leading to a rebound in price. This repeated rejection of lower prices at 125 underscores its importance as a robust psychological and technical barrier, indicating strong underlying demand. The recent sharp drop and subsequent bounce reinforce the continued relevance of this level.
Recommendation:
Based on the strong historical significance and recent price action, a long position is recommended from the major support level around 125. Traders should consider entry points near this level, potentially with a stop-loss placed just below the immediate lower support marked by the red zone on the chart (around 120) to manage risk.
Target:
Initial targets could be set towards the previously established resistance around the 142 range, aligning with the potential for a rebound towards the upper boundary of the indicated channel.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.
Date: June 13, 2025
Subject: Potential Long Opportunity from Major Support Level
Overview:
This note recommends considering a long position on NETSOL from its significant major support level around 125. Recent price action suggests a compelling opportunity for a bounce from this historically pivotal zone.
Analysis of the 125 Support Level:
The price level of 125 stands out as a critical major support for NETSOL. This level has consistently acted as a strong demand zone, where buying interest has historically emerged to halt downward momentum and initiate price reversals. Looking at past performance, the price has made several notable pullbacks from this area. Each time NETSOL has approached 125, leading to a rebound in price. This repeated rejection of lower prices at 125 underscores its importance as a robust psychological and technical barrier, indicating strong underlying demand. The recent sharp drop and subsequent bounce reinforce the continued relevance of this level.
Recommendation:
Based on the strong historical significance and recent price action, a long position is recommended from the major support level around 125. Traders should consider entry points near this level, potentially with a stop-loss placed just below the immediate lower support marked by the red zone on the chart (around 120) to manage risk.
Target:
Initial targets could be set towards the previously established resistance around the 142 range, aligning with the potential for a rebound towards the upper boundary of the indicated channel.
Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Always conduct your own due diligence and consult with a qualified financial advisor before making any investment decisions.
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.