NETSOL Netsol Technologies Analysis 14 June 2016
Rebound Insight
Netsol TechnologieSoftware and Computer Services |
Price: 54.36Change: -0.89 2016-06-13 |
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| Open: | 55.25 | 52 Week High: | 73.92 | Market Capitalization Mln: | 4846.43 | ||
|---|---|---|---|---|---|---|---|
| High: | 55.78 | 52 Week Low: | 42.00 | Outstanding Shares. Mln: | 89.15 | ||
| Low: | 54.01 | 52 Week Avg.: | 57.58 | KSE AllShares % Weight-age: | 0.07 | ||
| Close: | 54.36 | 52 Week Max Vol.: | 2368500 | KSE100 % Weight-age: | 0.07 | ||
| Average: | 54.85 | 52 Week Min Vol.: | 19500 | KSE30 % Weight-age: | Not Listed | ||
| Volume: | 189500 | 52 Week Total Vol.: | 112060000 | Data Last Updated: | 2016-06-13 | ||
Rebound Insight
Our Pivot: 46.32
Our Preference: Buy above 52.93 and average it out till 49.63 with strict stop loss of 46.32 and target at 64.23 and 67.95.
Alternate Scenario: Downward penetration of 46.32 will call for 41.62
NOTE: NETSOL is moving in a bullish trend channel and right now its getting support from supportive trend line of said channel around its weekly 61.8% correction level along with horizontal supportive region. Weekly Stochastic is trying to generate a bullish crossover.
Recommendations:
Buy above 52.93 and add averages till 49.63 with target at 64.23 and 67.95.
NETSOL Weekly Chart with Supports and Resistances:
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