Nvidia Good To Trade Let's Do iT

Updated

Hi mates, Sharing two hour time frame chart of Nvidia corporation as we can see on this provided chart that after hitting all time high of 480 levels now on last session it reached to 441 levels so it is almost a correction of 8-9% from there and now price it is looking that trading on a very crucial spot adjoined a rising support and horizontal support too and a visible gap is also spotted there so according to my identification that if price break and sustain below 438 levels with bearish strength and sentiments we can see a further fall towards 419 levels which is looking a good support below after this support or we can see a immediate bounce from here towards mentioned resistance based target above which is 460 levels, so adding in watchlist for a trade will act according on the behavior of price in coming session and on sentiments too.

#One can track this idea by own setups, indicators or timeframes.

#More probabilities if price sustain above or below from mentioned targets on chart-:

This is not and trade or investment advice. This publication is meant for only learning purpose.

Regards- Amit

Note

Respected rising trendline so far

Note

Good bounce back from rising support line, let's see what it will do in today's session waiting for a clear directional move

Trade closed: target reached

Bounce target reached from support, Not go much up from there a supply based target, will reactive this trade if price will sustain above that target with bullish strength as mentioned for more probabilities, Cheers for the target

AMIT-RAJAN

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