Dax reversal rally-hit December targets 10900 and 11160

Dax daily chart technical analysis

Dax daily chart technical analysis

DAX this week closed at 11190 with huge gains. Dax future at start of December given dip below major support of 10550 but that was clear trap and from that level we saw almost 750 points rally in this major market index.   DAX future achieved my December bullish targets of 10900 and 11160. Above 11160, dax will entered into super bullish stage and if sustain above 11160 on daily closing basis then expect super bull run targets at 11525 and then 11800 till end of December 2016.   From long term view, on weekly chart, this move is breakout candle and has its target at 12300 which can be expect in next 4 to 6 month if dax sustain above 10800 zone.

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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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