Get started

Netwebtechnologies

Netweb Tech (Daily Timeframe) - bullish signs ??Netweb has been on an uptrend since Feb 2025 and today it breached a key support turned resistance zone with huge volume. With a +11.48% gain combined with huge volume, the stock also breached the angular resistance trendline as indicated. Short-term EMAs are in positive cross-over state indicating bullish signs. The recent quarter earnings are also positive for the stock. If the uptrend momentum continues, then we may see the stock go upto 2940 range. On the downside it may go to 2190 range. The price action on the coming days would be key.
NSE:NETWEBLong
by Learn_with_Pth0mas
NETWEB TECH: Reversal Play with 50% Upside potential⚡️Price Analysis: 1️⃣ Price showing strength. 2️⃣ Price structure is bullish. 3️⃣ Good momentum is expected ✨ Key Observations: ➡️ RRR favorable at CMP. ➡️ Price bouncing from support zone ⚠️ Disclaimer: This is NOT a buy/sell recommendation. This post is meant for learning purposes only. Views are personal. Please, do your due diligence before investing.⚠️ 💬 Share your thoughts in the comments below! ✌️ 🔥 Trade Safe! ✅ 🚀
NSE:NETWEBLong
by SuperNova396
Technical analysis of the NETWEB TECH INDIA LTD (NSE)🧩 Chart Type: Daily (1D) 🔍 Pattern Observed: W-Pattern (Double Bottom) • The W-pattern (double bottom) is a bullish reversal pattern. • It indicates that the stock found strong support at a similar price level twice, suggesting potential accumulation. • Breakout occurred after the second bottom, which was followed by a rally. 🎯 Key Technical Elements: ✅ Entry Point: • Clearly marked just after the breakout from the neckline of the W-pattern. • This aligns with a previous resistance level turning into support — a classic bullish confirmation. • The green zone shows a support area, acting as a cushion for price retracement. 📏 Fibonacci Retracement Levels: • Levels shown range from 0 to 1 (bottom to top of the recent trend). • Price is hovering near the 0.618 Fibonacci level, a key retracement support (often termed the “golden ratio”). • Below 0.618 lies the 0.786 level, which aligns with the marked support area — critical zone to watch for bulls. 📉 Indicators: 🔵 RSI (Relative Strength Index - 14): • Currently in the neutral zone (~40-50) — neither overbought nor oversold. • RSI previously bounced from oversold levels during W-pattern formation. • No bullish divergence noted currently, but a bounce from 40 RSI could trigger a buying signal. 📘 P/E Ratio (Blue Line): • Remains relatively steady after a spike — valuation seems to have normalized. • Watch for any sharp moves that deviate from price action. 📌 Support and Resistance: • Support: • 1,700–1,750 INR (green zone, 0.786 level, neckline retest) Resistance: • ~1,950 INR (0.618 Fibonacci level) • ~2,200 INR (0.5 Fibonacci level) ⚠️ Risk Factors: • If price closes below the 0.786 retracement zone, W-pattern may fail. • Volume data isn’t shown in detail, so confirmation on breakout strength is missing. • A break below 1,650 INR could trigger stop-losses and invalidate the pattern. ✅ Conclusion: • Bullish bias remains intact as long as price holds above the neckline and Fibonacci support. • Entry near the support zone (green box) offers a favorable risk-to-reward ratio. • Target levels: 1,950, 2,200, and possibly 2,400+ INR on trend continuation. • Keep RSI and price action in sync for re-entry or exit signals.
NSE:NETWEB
by AnkurDasTrader