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.
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.