Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Nikkei breaks major resistance 18500, targets 19150

Potential Reversal Zone (PRZ)- 18500

  • The index has broken major resistance 18500 which confirms short term bullishness , a jump till 18750/19150 is possible . Any close above 19200 confirms further bullishness and above this level it can reach till 19400.

  • On the downside major trend line  support is around 17900 (trend line joining 16900 and 17750) and break below will drag the index till 17380/17190/ minor support is around 18180

It is good to buy at dips around 18450-500 with SL around 18180 for the TP of 19150.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.