DAX faces minor trendline resistance at 9825,good to buy at dip
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
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
