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DAX 30 faces strong resistance around 9530, break above targets 9625/9797

  • Major resistance -9530 (trend line joining 10164 and 9926)
     
  • Major support -9300
     
  • The index has made a high of 9554 and declined till 9348 from that level. It is currently trading around 9453.
     
  • It is facing short term trend line resistance around 9530 and break above will take the index till 9622/9797.
     
  • On the lower side minor support is around 9400 and break below targets 9300/9220.

It is good to buy above 9530 with SL around 9400 for the TP of 9625/9797

 

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