DAX weekly : 9980 target achieved next tgt 10400+

DAX 30 weekly technical analysis for 21 to 25 march 2016

DAX 30 weekly technical analysis for 21 to 25 march 2016

Dax 30 this week closed with gain. This was fifth week of gains for this index. After forming bottom around 8700 levels, dax saw strong value buying as well as short covering.   Weekly chart price trend is down but momentum is strong bullish and expect bullish breakout ahead. Dax 30 had achieved my given target of 9980. Above it next target for dax future will be 10400. On downside 9750 and 9500 are short term support zones as well as stop loss levels.

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Pramod Baviskar

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