Downside Potential in NASDAQ COMPOSITE , Applicable ONLY In-case of NO SIGN OF RECOVERY IN ECONOMY Only for educational purpose I wish, this view should be wrong
Can it reach 6400 + (before 23/03/2021) ? If it breaches, 5600 level comfortably comfortably , then Target of 6400 is possible. For this journey (02-03-2021 to 23-12-2021): 5100-5700 would act as support zone Only an educational view.
If breaches 2400, then 2800+ level is possible (if not, moving in zone) near support at 2200 strong support at 2000 Only educational purpose
Breakout possible from 649 level (1-2% error band), on or before 24th or 29th December. Immediate resistances 670 and 685. Short term target shall be 710. Only an educational view.