DAX30 forms Gravestone Doji, targets 9650
Candle stick pattern- Gravestone Doji
Major resistance -10120
Dax has retreated after making a high of 10116.It is currently trading around 9967.
Short term trend is weak as long as resistance 10120 holds. Any break above 10120 will take the index up till 10400/10620.
On the lower side minor support is around 9880 and break below targets 9760/9600 in short term.
It is good to sell on rallies around 9980-9990 with SL around 10120 for the TP of 9760/9650.
Major resistance -10120
Dax has retreated after making a high of 10116.It is currently trading around 9967.
Short term trend is weak as long as resistance 10120 holds. Any break above 10120 will take the index up till 10400/10620.
On the lower side minor support is around 9880 and break below targets 9760/9600 in short term.
It is good to sell on rallies around 9980-9990 with SL around 10120 for the TP of 9760/9650.