NETSOL Technologies (PSX) Hits Oversold Levels
NETSOL Technologies Ltd. (PSX: NETSOL) is currently trading at 130.16 PKR, testing a critical support zone after a prolonged downtrend. The stock has been forming lower highs and lower lows, signaling persistent selling pressure.
📉 Technical Breakdown:
RSI (14) at 22.92 – Deep in the oversold zone, indicating a possible short-term bounce.
Price nearing a key support level at 130 PKR – A break below this could push the stock towards 120–125 PKR.
If a bullish RSI divergence or reversal pattern (e.g., hammer, bullish engulfing) appears, a rebound toward 135–140 PKR may be possible.
🚨 Trading Plan:
🔹 Bullish Case: Wait for confirmation of reversal with increasing volume before entering long positions.
🔹 Bearish Case: A breakdown below 130 PKR with strong volume could signal further downside.
📊 Keeping a close watch for a potential trend shift! What’s your outlook? Comment below! 👇🔥 #PSX #NETSOL #Trading #TechnicalAnalysis.
📉 Technical Breakdown:
RSI (14) at 22.92 – Deep in the oversold zone, indicating a possible short-term bounce.
Price nearing a key support level at 130 PKR – A break below this could push the stock towards 120–125 PKR.
If a bullish RSI divergence or reversal pattern (e.g., hammer, bullish engulfing) appears, a rebound toward 135–140 PKR may be possible.
🚨 Trading Plan:
🔹 Bullish Case: Wait for confirmation of reversal with increasing volume before entering long positions.
🔹 Bearish Case: A breakdown below 130 PKR with strong volume could signal further downside.
📊 Keeping a close watch for a potential trend shift! What’s your outlook? Comment below! 👇🔥 #PSX #NETSOL #Trading #TechnicalAnalysis.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.