Market Analysis of NSDQ on Monday 21 May 2024

2024-05-21 18:03Fonte:BtcDana

NSDQ TECHNICAL ANALYSIS SHORT TERM VIEW     

  NSDQ  is running in positive  trend and its immediate  strong support are 18422 to 18504 level  . It can rise above 18706 target  until this support holds.5 minute chart showing irregular correction upside at level of 18707  which means it can rise sharply above  18707 level  with stop loss 18400 level .Intraday purpose buying is better with stop loss 18400 expecting intraday target 18690,18715 and 18730 level respectively.

 QUICK FUNDAMENTAL LOOK                                                                     

The tech-heavy Nasdaq climbed to a record high on Monday, boosted by chipmakers, with much anticipated quarterly results from Nvidia and the Federal Reserve's policy meeting minutes this week likely to test Wall Street's record-breaking run.

POC = Risk is a part of trading, use caution when placing orders and take market advice only into account.

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