DAX weekly : short to medium term targets 9980 and 10450

dax weekly technical analysis for 7 to 11 march 2016

dax weekly technical analysis for 7 to 11 march 2016

Dax index this week closed at 9824 with gain. This was third gaining week for index. In these week we seen 800+ points rally from bottom.   Weekly chart price trend is down but momentum is on long side. So keep buy and accumulate view. My dax technical targets are 9980 and then 10450.   On downside 9350 is major support zones and above it overall strategy will remain buy and accumulate. If dax hold 9200-9300 zone in 2016, then expect 10800 and 12300 a target zones till end of this year.

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Pramod Baviskar

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