NETWEB - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 4.6

Here’s a comprehensive technical analysis of Netweb Technologies India Ltd (NETWEB)

📊 Trend Overview

Current Trend: Strongly bullish

Phase: Trending with high momentum

Bias: Positive, approaching resistance zone with elevated indicators

📈 Technical Indicators Analysis

🔹 Moving Averages

50 DMA: ₹2,388

200 DMA: ₹2,081

Current Price: ₹3,040

Price is significantly above both DMAs → confirms strong uptrend

Steep upward slope on both averages → momentum is accelerating

🔹 RSI (Relative Strength Index)

RSI: 69.1

Near overbought zone → signals strong bullish sentiment

Caution warranted for short-term pullbacks above ₹3,100

🔹 MACD (Moving Average Convergence Divergence)

MACD: 226

Exceptionally strong and positive → confirms powerful momentum

Histogram expanding → trend strength remains intact

🔹 Bollinger Bands

Price near upper band → breakout zone

Bands expanding → rising volatility

Suggests continuation if volume supports the move

🔹 Volume Trends

Current Volume: 21.9 lakh

1-Week Avg Volume: 15.9 lakh

Volume above average → confirms strong participation

Supports sustainability of breakout

📌 Support & Resistance Levels

Level Price (₹) Commentary

Support 1 2,950 Minor pullback zone

Support 2 2,750 Previous swing low

Resistance 1 3,150 Immediate resistance

Resistance 2 3,314 52-week high, major ceiling

Resistance 3 3,500 Projected breakout target

🎯 Entry & Exit Zones

Optimal Entry Zone: ₹2,950–₹3,000 (on pullback near support)

Exit Zone / Profit Booking: ₹3,314–₹3,500 (resistance and breakout target)

🔍 Momentum Signals

Short-Term: Strong bullish momentum, RSI and MACD confirm upside

Medium-Term: Trending upward with volume and volatility expansion

Volume: Elevated, supporting trend continuation

🧭 Conclusion

NETWEB is currently trending upward with strong momentum across all technical indicators. Price action above moving averages, a powerful MACD, and expanding Bollinger Bands suggest continuation. Traders may consider entering on dips near ₹2,950 with targets around ₹3,314–₹3,500, while monitoring RSI for signs of short-term exhaustion.

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