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 17380/17190/16900.
The minor support is around 18180
It is good to buy at dips around 18450-500 with SL around 18180 for the TP of 19150.
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 17380/17190/16900.
The minor support is around 18180
It is good to buy at dips around 18450-500 with SL around 18180 for the TP of 19150.
