Netweb Stock Rally Alert: Gann and Elliott Wave Signals Turn Accurate

elliot wave gann netweb price action Jun 01, 2026

Blending Elliott Wave Theory with price action helps traders spot high-probability trading opportunities.

Check out the research below on Netweb, we had covered this stock previously in our article dated on 06^th May 2026.

Netweb Daily chart as on 01^st June 2026

The stock recently completed its primary wave (4) near the 3043 level in form of a complex corrective pattern (W-X-Y) and now the wave (5) is currently ongoing on the upside.
In primary wave (5) the stock gave a dip towards the Gann level of 3752 (We had mentioned this level as an important support in our article before and the stock took support of the same level) and has bounced back on the upside marking an end to Intermediate wave 2 on the downside.
Post which the sharp rally on the upside can be observed in the form of wave 3 and in previous three trading sessions the stock has surged by almost 30% indicating strong buying pressure from lower levels.
The stock is currently trading near the life time high levels so minor dip towards the 4523 i.e., Gann level and Polarity zone cannot be ruled out.

The overall trend in Netweb still remains to be bullish, with the stock currently moving towards the next Gann resistance near the 5077 level.
Traders can consider using dips as buying opportunities to participate in the ongoing uptrend, while keeping the 4258 Gann level as an important support on the downside.

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