Dax might underperform remain sell below 10650

Dax might underperform remain sell below 10650

DAX 30 index forecast

DAX 30 index last closed at 10620. Dax future on chart looking weak and underperforming as compared to other major global indices. Below 10650 remain weak and sell for downside targets of 10400. Daily chart price pattern and indicators are mixed but one downside move can be expected up to 10400 and then upside rally. If slips below 10400 on price action as well as on volume expect deep downside target up to 10135 for dax futures. Dax weekly chart is showing index is facing strong supply from market around 10850 and showing reversal signal which is very bearish from medium to long term view. If sustain below 10850 then expect deep sell off targets up to 9250 in longer terms. Look like something bad is coming for German market??

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Pramod Baviskar

Professional Market Trader And Owner Of Dalal Street Winners Advisory And Coaching Services. Working Since 2007 And Online Presence Since 2010. We Provide Highly Accurate And Professional 1 Entry And 1 Exit Future, Option, Commodity, Currency And Intraday Stock Tips On Whatsapp With Live Support And Follow Up.
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