NASDAQ
COMPOSITE
Open—22561.46--High—22742.06—Low—22402.38—Close—22546.67 on 13.2.2026.
Support:22461.14/22186.02/22062.82/21898.29/21803.75/21742.46/21457.48/21033.05/20901.99/20560.17/20204.58/20110.11.
Resistance:22692/22801.90/22916.83/23031.87/23119.91/23232.78/23241.99/23306.66/23481.49/23569.62/23665.15/23704.08/23813.30/23988.27/24019.99/24044/24208/24262/24557/24603/24614/24795/24823/24831/25082/.
The overall technical setup looks weak as of now. It is way
below its most critical points of 24019.99---23481.49
& 23241.99 for the year—2026,
please note that it is important to stay above these points to keep the hope
alive for a continued up-move in the year—2026,
furthermore it is into corrective mode and below all its short, medium term averages
and below few long term moving averages also thereby threatening the long term
uptrend and most of the important technical indicators are weak on the daily,
weekly & monthly chart, therefore all together it is giving weak signal, so
further fall looks inevitable in coming days with intermittent relief rallies.
However moving down its broad support points could be at 21898.29---21842.76 & 21620 (for in between
and other support points please see the support table on the upside) it can
bounce back from any of the above points and may resume the up-move again but break
& sustained close below 21898.29
21842.76 may trigger fresh fall and will push it into deep corrective mode
and break & sustained close below 21620(figure
may change) may potentially threaten the long term uptrend and it may
witness an accelerated fall. So be alert and watchful.
NOTE: - It is a technical assessment
of the indices as of now, the technical interpretation changes with the price
movement and time; therefore it needs periodic review, which may please be noted.
This is for educational purpose.
Disclaimer:-The view expressed here is solely of the author and for
educational purpose and he is not at all responsible in any way for the outcome
of the trade you enter based on the above view.
Kindly
note that make your cost your stop loss in favorable trade
and then trail it as the price move up/down to gain maximum profit and avoid
losses. Use support and resistance levels as entry, exit, target and trailing
stop loss points. DO NOT TRADE WITHOUT STOP LOSS.
Note: Price stated here are of spot
market.
Contact me for strategic guidance
to enter and exit trade.
Thanks
Narendra
Kumar Surana
Mobile—8240951127/9831313654.
No comments:
Post a Comment
Thank you for sharing your views.