📊NASDAQ 23rd December 2024 Daily Analysis Based on Main Key Levels

In this blog, we provide a comprehensive analysis of the NASDAQ market, focusing on the current key levels that traders should monitor. This analysis is crucial for making informed trading decisions.

📍 Daily Current Market Price (DCMP)

The current market price for NASDAQ is 21,375.

📉 Key Levels

🛑 Resistance (Above DCMP)

Resistance 1: 21,918

Resistance 2: 22,253

Resistance 3: 22,797

✅ Support (Below DCMP)

Support 1: 20,831

Support 2: 20,495

Support 3: 19,951

📉 Swing Levels

Swing High: 22,143

Swing Low: 21,311

Summary of Analysis

The market is currently positioned at 21,375. Key resistance levels above this price include 21,918, 22,253, and 22,797. Support levels below the DCMP are at 20,831, 20,495, and 19,951. The swing high is noted at 22,143, and the swing low at 21,311.

Suggested Trades

💼 Intraday Buy Trade

Entry Price: ✨ 20,831

Stop Loss: ❌ 20,631

Take Profit 1: 🎯 21,031

Take Profit 2: 🎯 21,231

📌 Reason for Entry:

The price is approaching a significant support level at 20,831, indicating a favorable buying opportunity based on technical analysis.

💼 Intraday Sell Trade

Entry Price: ✨ 21,918

Stop Loss: ❌ 22,118

Take Profit 1: 🎯 21,718

Take Profit 2: 🎯 21,518

📌 Reason for Entry:

Resistance at 21,918 suggests a potential selling opportunity, with targets set below this level.

Conclusion

This structured analysis provides traders with essential insights into NASDAQ's key levels and potential trade opportunities. By closely monitoring these levels, traders can enhance their decision-making process in the current market environment. Happy trading!