DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW
DAX 40 running in positive trend and its immediate strong support are 17870 to 18115 level . Stop loss is 17950 level and it can rise towards 18900 level minimum and main target 19300 positionally .
Intraday purpose buying is better for targets 18420,18440 and 18470 levels respectively with stop loss 18200 level. Wave 3 is going on which can take DAX 40 non stop and sharp towards 19300 level .
QUICK FUNDAMENTAL LOOK
The DAX extended early gains and closed 1.2% higher at 18,375 on Wednesday, tracking the strong session for European equities amid some respite for government bonds.
POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .