📊 NASDAQ Weekly Analysis Based on Main Key Levels

Current Market Price (DCMP)

The Current Market Price (DCMP) for NASDAQ is 21,285.

Key Levels

Resistance (Above DCMP)

🛑 Resistance 1: 21,748

🛑 Resistance 2: 21,902

🛑 Resistance 3: 22,150

Support (Below DCMP)

✅ Support 1: 21,250

✅ Support 2: 20,970

✅ Support 3: 20,848

Swing Levels

📈 Swing High: 22,143

📉 Swing Low: 20,720

Summary of Analysis

The current market price of 21,285 indicates that the key resistance levels above this price are 21,748, 21,902, and 22,150, while the support levels below are 21,250, 20,970, and 20,848. The swing high stands at 22,143, and the swing low is at 20,720.

Suggested Trades

📈 Intraday Buy Trade

Entry Price: ✨ 21,250

Stop Loss: ❌ 20,970

Take Profit 1: 🎯 21,499

Take Profit 2: 🎯 21,748

Reason for Entry:

The price is approaching a key support level at 21,250, presenting a favorable buying opportunity based on technical analysis.

📉 Intraday Sell Trade

Entry Price: ✨ 21,499

Stop Loss: ❌ 21,902

Take Profit 1: 🎯 21,748

Take Profit 2: 🎯 22,150

Reason for Entry:

Resistance at 21,499 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This analysis provides a concise overview of key levels and trade opportunities for NASDAQ. By monitoring these levels, traders can make informed decisions in the current market environment. Happy trading! 🚀