NIKKEI 225 INDEX: Breaks Out! TP1 Done – Higher Targets Await

NIKKEI 225 INDEX Analysis:

The Nikkei Index shows promising bullish momentum on the 15-minute timeframe, with the first target (TP1) successfully reached using the Risological Swing Trading Indicator. This long trade setup suggests a potential continuation towards higher targets as buying pressure remains strong.

Key Trade Details:
Entry Level: 38,384.25

Target Levels:

• TP1: 38,544.16 (Achieved ✅)
  
• TP2: 38,802.91
  
• TP3: 39,061.66
  
• TP4: 39,221.57
  
• Stop Loss: 38,254.88
  

Market Insight:
The Nikkei’s breakout reflects positive sentiment in the Japanese equity market, likely influenced by global economic factors and investor optimism. This upward movement aligns with a strengthening technical trend, supporting the possibility of reaching the remaining targets if the bullish momentum sustains.

Summary:
With TP1 already hit, traders eye the remaining targets. A tight stop loss below the recent breakout level offers protection while allowing for gains as the trade progresses towards TP2 and beyond.