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DAX faces minor trend line resistance at 8925, break above targets 9050/9135

  • Major Resistance - 8925 (trend line joining 9622 and 9111)
     
  • Major support - 8670 (trend line joining 9251 and 8777)
     
  • DAX has taken support near trend line 8696 (trend line joining 9251 and 8772) and recovered. It is facing trend line resistance at 8925.
     
  • Any break above 8925 will take the index till 9050/ term bullishness only above 9250 (support turned into resistance)
     
  • On the lower side minor support is around 8800 and break below targets 8745/8692)

Buy DAX above 8925 for the TP of 9050/9130 with SL around 8800.

 

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