Market Analysis of JP225 on Friday 18 OCTOBER 2024

2024-10-18 11:59Source:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW    


 JP225 running in negative trend and its immediate strong resistance are 39248 to 39642 level .  Stop loss is 40300 level and it can fall towards 37260 level  because wave 5 is already extended .Intraday purpose selling is better for targets 38850,38700 and 38500 levels respectively with stop loss 40300 level.


QUICK FUNDAMENTAL LOOK                                                                    


Japan's Nikkei share average declined on Thursday, as investors sold off chip stocks before Taiwan Semiconductor Manufacturing's quarterly earnings report, a key demand test for the sector.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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