Buy NVIDIA Corporation | NASDAQ NVIDIA | Naranj Capital

 BUY   NVIDIA Corporation (NASDAQ: NVIDIA)

NVIDIA Corporation (NASDAQ: NVIDIA) STOCK RECOMMENDATION

Idea BUY
Buy Range 111 – 115
Target 125 – 127
StopLoss* below 107
Duration 14-15 Trading Days
Potential Returns 9% – 10%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 111 – 115 125 – 127 below 107 14-15 Trading Days 9% – 10%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

NVIDIA Corporation (NASDAQ: NVIDIA) STOCK OVERVIEW

NVIDIA Corporation is a worldwide supplier of graphics, computing, and networking solutions. Its Graphics division provides GeForce GPUs for gaming and personal computers, Quadro/NVIDIA RTX GPUs for professional workstations, vGPU software for cloud visual and virtual computing, automotive platforms for entertainment systems, and Omniverse software for 3D design and virtual environments. The Compute & Networking division offers Data Center platforms for AI, high-performance computing, and accelerated computing, Mellanox networking products, automotive AI Cockpit, cryptocurrency mining chips, Jetson for robotics, and NVIDIA AI Enterprise software. NVIDIA sells its products to a range of manufacturers, retailers, distributors, independent software vendors, internet and cloud service providers, car manufacturers, mapping companies, and startups. Founded in 1993, NVIDIA is based in Santa Clara, California.

Stock Data
NASDAQ Symbol NVIDIA
Sectoral Index Semiconductors
52 Weeks High 195.95
52 Weeks Low 39.23

NVIDIA Corporation (NASDAQ: NVIDIA) - RELATIVE STRENGTH

NVDA-RELATIVE STRENGTH

Relative Performance - Last 1 Year

NVIDIA Corporation —     NASDAQ —

NVIDIA Corporation (NASDAQ: NVIDIA) - DAILY TECHNICAL ANALYSIS

NVIDIA Corporation (NASDAQ: NVIDIA) - Technical Analysis (Daily)
  • The daily chart reveals a strong upward trend currently in play.
  • Following the breakout of the Cup & Handle pattern, the price surged sharply before entering a brief consolidation phase.
  • During this consolidation, a Rounding Bottom pattern formed, indicated a potential continuation of the trend.
  • After breaking out, the stock price climbed again, reaching an all-time high close to the 140 level. However, it then encountered significant resistance and underwent a correction.
  • During this period, a Rounding Top pattern developed.
  • Typically, this pattern leads to a decline in stock price, but in this instance, the price found support at the trendline and quickly bounced back.
  • It is anticipated that this upward momentum will persist, propelling the price to new heights.

NVIDIA Corporation (NASDAQ: NVIDIA) - MACD

NVDA-MACD
NVIDIA Corporation (NASDAQ: NVIDIA) - MACD
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

NVIDIA Corporation (NASDAQ: NVIDIA) - EMA Cross

NVIDIA Corporation (NASDAQ: NVIDIA) - EMA Cross
  • The short length exponential moving average (5 EMA) has just crossed the long length exponential moving average (10 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

NVIDIA Corporation (NASDAQ: NVIDIA) - OBV

NVDA-OBV
NVIDIA Corporation (NASDAQ: NVIDIA) - OBV
  • MACD line has just crossed the signal line from the below and a positive histogram chart is forming. This can be considered as a bullish signal.

CONCLUSION - NVIDIA Corporation (NASDAQ: NVIDIA) STOCK PRICE FORECAST

Based on our stock trading advice in USA, NVIDIA Corporation stock price target will be USD 125 – USD 127 in the next 14-15 trading sessions.

NVIDIA Corporation (NASDAQ: NVIDIA) TRADINGVIEW POSITION UPDATE

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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