NASDAQ Hourly showing CUP Pattern BreakoutNASDAQ Hourly showing CUP Pattern Breakout ... Targets coming 3.5% upside in next 5 days.
Indian IT Index should Perform along with NASDAQ & show some good upmove Pushing Nifty also up.
Nifty Targets for next 5 Days 2-3% upside from current Levels.
This is Just for study purpose no Trade on NASDAQ.
NIFTY Targets can be Projected - 19900 in next 5-10 days in correlation with NASDAQ.
USTECH100MINICFD trade ideas
Nasdaq may resist up move.After 50 % up move nasdaq is showing some fatigue. No index stock make o e side up m94ve or Down move it always retrace after 25% or 50 %. Nasdaq is showing signs of retracement.
1 distance b/w 20 and 50 Denma is 1000.
2 Nasdaq had broken 1st support line.
3 Nasdaq is half way to 0.218 retracement level which is @4197.
So 4197 is imminent.
NASDAQ Forming CUP Pattern on Daily ChartsNASDAQ is forming CUP Pattern on Daily Charts & the breakout will give Boost for more upside.
Targets 30-40% upside in 1-1.5 Years
This should give Boost to Indian IT Index ... Expecting New Rally to start on Indian IT stocks with 40-50% upside in coming 1-1.5 Years.
Top Picks in IT Packs are:
TCS
BirlaSoft
Persistent
LONGWaiting for a breakout on the structure then we buy and hold tp and sl as shown. For more Idea like and follow
Bearish Harmonics In NasdaqBearish Shark
Sell PRZ - 14625/14791
SL - 15275
Target - 13125/12600
If Breaks 15275
Bearish Alt Shark
Sell PRZ - 15765/15826
SL - 16400
Target - 13765/13100