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NETSOL - H1/H4 Analysis - 06-07-2023

  • Sarfaraz Ahmad


Primary Structure: Bullish Impulsive

Primary Trend:  Bullish

Current Wave structure: Bullish Impulsive

Expectations: The pullback in wave 2 went too deep but still can be assumed as a zigzag. We have witnessed the first bullish reaction. A strong rally is expected after a minor pullback.

Recommendation:  2: take the profit ( PKR 12 so far) and wait for the pullback to ride again.

1: Long positions may be considered around 74-73 with stops below 70. Keep open targets for now.


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