NSE NVDA: Corrective Phase Has Begun

Timeframe: Daily
NVDA has developed a clear impulsive cycle starting from the low of 10.81. The final sub-wave 5 of wave (5) peaked at 140.76. Recently, the price broke below the 100 EMA and has been declining towards the 200 EMA. The ADX for the stock has reached 33.95, while the ATR has surged to 7.98, indicating a 48% increase in volatility during the downturn.

We will provide further updates as more information becomes available.

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