Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro: DAX faces minor trend line resistance at 9825, good to buy at dips

  • DAX has recovered after making a low of 9417 yesterday. It is currently trading around 9725.
     
  • The index is expected to jump till 9825 (trend line joining 10875 and 10164) and any further bullishness can be seen above this level. Above this level jump till 10000/10164 is possible.
     
  • Short term trend is slightly bullish as long as support 9300 holds.
     
  • Any break below 9300 will drag the index down till 9216/9120/9000.
     
  • On the higher side minor resistance is around 9760 and break above targets 9825.
     
  • Overall trend reversal only above 10200.

It is good to buy at dips around 9600-9625 with SL around 9400 for the TP of 9750/9825

 

  • Market Data
Close

Welcome to EconoTimes

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