4 Nasdaq Stocks Worth to buy at CMP

Hello Friends, welcome to our new post, Today I will share with you 4 stocks all listed in Nasdaq Exchange. They all are good fundamentally strong stocks which have fallen sharply from there highs because of market volatility and some other factors.

Before sharing the name of those 4 stocks first have a look on Nasdaq 100 technical chart. Here we will try to find nearest support and any possibilites of reversal.

NASDAQ 100 -

First all of a little information for those who don't know difference between Nasdaq Composite And Nasdaq 100,

Nasdaq Composite tracks the performance of 3000+ technology stocks listed in NASDAQ, on the other hand NASDAQ 100 tracks only 100 biggest non-financial Companies.

Here you can see Nasdaq 100 is trading at 11600 which is below it's strong support zone of 11750-12500, thats the only conern I can see, but trading above 10850 which is it's next possible support area which experts are expecting it to be a perfect bounce area.

Nasdaq 100 All time high was 16765, and present it is ~31% down from this level. So now it seems like it would be great time to buy nasdaq stocks at current level.

S.No.	Name	HIGH	CMP	% DOWN
1	NASDAQ 100	16764.85	11593	~31%
2	APPLE INC	183	135.43	~26%
3	MICROSOFT	349.67	251.76	~29%
4	AMAZON	188.65	107.67	~43%
5	ALPHABET C	3042	2207	~27.50%

Here I selected few strong stocks which might bounce from Current market price, have a look on them and take your call after consulting your financial advisor.

APPLE -

Here in apple we sees a Support Zone area of 138 to 132.70, Currently stock is trading between them as the stock cross 138 level on weekly basis we might see a sharp bounce in the stock.

Apple Inc

CMP - 135.43
Best Buy - 132.5
SL - 130 (WCB)
Targets - Open

Microsoft -

This software gaint is currently 29% down from it's all time high and the best part is now trading near its support area so from here people expecting a fresh up move from here.

Microsoft
CMP - 251
Best Buy - 240-255
Next Support - 245
Targets - 280, Open

Amazon -

Amazon is one of the biggest E-commerce plateform, and it also in cloud storage field to. In this time of uncertanity Amazon faces huge Mcap Loss, beacause of it's Share price fall. After Hitting a high of $188.65 Amazon is now trading nearly 45% below to this level at $107.

Amazon
CMP - 107.67
Best Buy -100-110
Next Support - 85

Alphabet Class C -

Here I shared the Chart of Alphabet Class C which is currently trading near its support area. From here we might see a bounce. One can trade this with small SL.

Alphabet Class C
CMP - 2207
Best Buy - 2100-2150
SL - 2040 (WCB)
Targets - 2330, 2550

Disclaimer- Above views are my personal not any trading advice. please consult with your financial advisor before Taking any call.