Netweb Technologies - Nearing breakout zone on weekly chart

On weekly chart, Netweb Technologies is nearing its breakout zone.

A cup pattern followed by a base consolidation with higher lows makes it an ideal stock to keep in your watchlist.

Buy zone: 2925-3050
Stop loss: 5-8% basis one's risk management.
Initial target: 3500-3600

Note: Not a buy/sell recommendation. Please consult your financial advisor.