Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

DAX30:Intraday Trade idea

  • Major intraday resistance- 9586 (55 H EMA)
     
  • Major intraday support- 9420 (21 H MA)
     
  • The index has broken psychological resistance 9500 yesterday and jumped till 9590 at the time of writing. It is currently trading around 9568.
  • In the hourly chart the index is trading well above Tenkan-Sen (9486) and Kijun- Sen (9384).
     
  •  The intraday trend is slightly bullish as long as support 9480 (Hourly Tenkan-Sen) holds.
     
  • On the higher side, any break above 9590 will take the index to immediate resistance at 9718 (High made after Brexit)/9768 (200 HMA).
     
  • The major intraday support is around 9480 and any break below targets 9420/9385.

It is good to buy at dips around 9525-9530 with SL around 9420 for the TP of 9718/9765.

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.