Market Analysis of JP225 on Wednesday 9 OCTOBER 2024

2024-10-09 12:13Fonte:BtcDana

JP225 TECHNICAL ANALYSIS SHORT TERM VIEW    


 JP225 running in negative trend and its immediate strong resistance are 38350 to 38950 level .  Stop loss is39920 level and it can fall towards 38800 level because of ABC pattern  at that level on 5 minute chart  .Intraday purpose selling is better for targets 39000,38900 and 38800 levels respectively with stop loss 39900 level.


QUICK FUNDAMENTAL LOOK                                                                    


Japan's Nikkei share average rose on Wednesday, with tech stocks tracking their U.S. peers higher, while shares of 7-Eleven owner and takeover target Seven & i Holdings jumped following a media report of a sweetened bid.

 

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

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