Market Analysis of DAX40 onThursday 11 JULY 2024

2024-07-11 12:06Source:BtcDana

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 17850 level and it can rise towards 18900 level minimum   and main target 19300 positionally . Intraday purpose buying is better for targets 18380,18410 and 18450  levels respectively with stop loss 17202 level because 5 minute chart showing it can jump for 18670 level without touch 18202 level .Wave 3 is going on which can take DAX 40 non stop and sharp towards 19300 level .


QUICK FUNDAMENTAL LOOK  

                                                                 

The heavyweight auto sector in Germany outperformed, with Porsche adding 3.7% while Daimler, BMW, and Mercedes advanced between 2% and 1.3%.


POC = Risk is a part of trading, use caution when placing orders and take market advice only into account .

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