NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW
NSDQ is running in positive trend and immediate good support area is 14374 TO 14709 . Wave 4 looking as completed and wave 5 are in progress and minimum projection level is 16158 .Intraday purpose we can take stop loss 14700 for upside rally .At level of 15285 there is clear irregular correction so this level can come any time without touch 14350.Overall stop loss is 14350 for first target 15285 then main target is 16158.
QUICK FUNDAMENTAL LOOK
The Nasdaq Composite recorded a monster 32% gain for the first six months of 2023. The blowout returns were riding on elevated investor appetite for growth-oriented companies betting on the latest hype to fuel expansion and bring in bumper revenue – generative artificial intelligence.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.