NVIDIA CORP WEEKLY TECHNICAL ANALYSIS – 24 MARCH 2022

NVIDIA CORP WEEKLY TECHNICAL ANALYSIS – 24 MARCH 2022

NVIDIA CORP. Technical Analysis: Weekly Chart

In the weekly charts, NVIDIA CORP. was trading in a down channel.

It is trading below 20 days SMA & above 50 and 100 days SMA.

The immediate support is 230.09 & the resistance level is at 271.42.

NVIDIA CORP. was trading in the down channel before the breakout upside.

NVIDIA CORP. Technical Analysis: Daily Chart

In the daily charts, NVIDIA CORP. was trading in a down channel.

It is trading above 20 and 50 days SMA & below 100 days SMA.

The immediate support is 251.20 & the resistance level is 261.18.

NVIDIA CORP. was trading in the down channel before the breakout upside. 

How to Trade NVIDIA CORP. this Week:

NVIDIA CORP. will remain bullish until there is trend reversal.

TRADE SUGGESTION- BUY AT 255.80, TAKE PROFIT AT 261.18 AND STOP LOSS AT 251.20

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