Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DAX faces major support at 9540, good to buy at dips

  • The index has broken major resistance 9720 and jumped till is currently trading around 9819.
     
  • Any minor weakness can be seen only below 9560 and any break below 9540 will drag the index down till 9420/9300.
     
  • The minor support is around 9700/9610.
     
  • The major long term support is around 9250 and any close below 9250 will confirm further weakness, a decline till 9000/8800 is possible .
     
  • On the higher side resistance is around 9850 and break above targets 10000/10165

It is good to buy at dips around 9700-9750 with SL around 9580 for the TP of 10000/10165.

 

  • Market Data
Close

Welcome to EconoTimes

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