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NETWEB - Technical Analysis

Last Updated Time : 02 Aug 25, 12:58 am

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Technical Rating: 4.4

Here’s a comprehensive technical breakdown of Netweb Technologies India Ltd. (NETWEB) based on current indicators and price action

📊 Trend Analysis

Current Trend: Trending Upward

Price is above both 50-DMA (₹1,875) and 200-DMA (₹1,925), confirming bullish momentum.

RSI at 68.3 is approaching overbought territory, indicating strong momentum but caution for potential pullback.

MACD at 49.7 shows a strong bullish crossover, reinforcing upward trend.

📈 Moving Averages

Indicator Value Signal

50-DMA ₹1,875 Support

200-DMA ₹1,925 Support

Price ₹2,135 Above both MAs (bullish)

Price action above key averages confirms trend strength. Pullbacks toward ₹1,925–₹1,875 may offer re-entry opportunities.

📉 Momentum Indicators

RSI (14): 68.3 → Strong momentum, nearing overbought zone.

MACD: 49.7 → Bullish crossover; momentum accelerating.

Volume: 1.09 Cr vs 1-week avg of 27.9L → Massive surge, confirming breakout strength.

📊 Bollinger Bands

Price is near the upper band, suggesting strong bullish momentum.

No squeeze pattern; volatility is expanding, which supports trend continuation.

📌 Support & Resistance Levels

Level Price Zone

Support 1 ₹2,000

Support 2 ₹1,925 (200-DMA)

Resistance 1 ₹2,200

Resistance 2 ₹2,350

Entry Zone: ₹1,925–₹2,000 (on retracement)

Exit Zone: ₹2,200–₹2,350 (profit booking zone)

🔍 Chart Pattern & Price Action

Recent breakout from consolidation zone around ₹1,875–₹1,925.

Volume spike and MACD surge suggest trend continuation.

Trendlines show upward slope with higher highs and higher lows.

⚠️ Conclusion

Technical Outlook: Bullish with strong momentum

Momentum: High, but RSI suggests caution near ₹2,200+

Suggested Strategy: Buy on dips toward ₹1,925–₹2,000 with stop-loss below ₹1,875. Target ₹2,200–₹2,350.

Risk Level: Moderate (due to high valuation and recent FII/DII outflows)

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