Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

DAX30 breaks major resistance at 10830, jump till 11300 likely

  • Major Resistance-  10830 (Oct 25th 2016 high)
     
  • Major support – 10425 (trend line joining 9302 and 10200).
     
  • The index jumped sharply after breaking major resistance10830. It is currently trading around 10925.
     
  • On the lower side, minor support is around 10630 (10- day MA) and any break below 10630 will drag the index down till 10425/10025 (Nov 9th low)/9911 (Jul 19th 2016 low).
     
  • The major resistance is around 10830 and any violation above targets 11040/11320 (161.8% retracement of 10830 and 10025).
     
  • Short term weakness only below 10000.

    It is good to buy on dips around 10820-850 with SL around 10600 for the TP of 11040/11300
  • Market Data
Close

Welcome to EconoTimes

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