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simplyansh

NASDAQ : IXIC is in Downward channel trying to break Middle Line

Long
Nasdaq Composite Index (NASDAQ:IXIC)  
simplyansh  
NASDAQ:IXIC   Nasdaq Composite Index
Trend Analysis Parallel Channel nasdaq nasdaq100 nasdaqsignals nasdaqanalysis nasdaqidea nasdaqlong nasdaqstrategy nasdaqtrader nasdaqsignalprovider
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trendanalysis parallelchannel nasdaq nasdaq100 nasdaqsignals nasdaqanalysis nasdaqidea nasdaqlong nasdaqstrategy nasdaqtrader nasdaqsignalprovider
NASDAQ previously took string support from 50% retracement level on Fibonacci channel.
Now, NASDAQ has been trading from last months in this Downward Parallel Channel and testing the Middle trendline of Channel.
If it manages to break this line with good volumes and a decent candle, then strong upside is expected to 12500 levels.

Strong Buy Zone is from 11800-12000 which doesn't seem to get broken in Near term.
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