Market Analysis of DAX40 on Wednesday 16 OCTOBER 2024

2024-10-16 12:06Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW    


 DAX40  running in positive trend and its immediate strong support are 19357 to 19463 level .  Stop loss is 19300 level and it can rise  above 19635 levels in short term because of irregular corrections at that level on 15 minute chart  .Intraday purpose buying is better for targets 19510,19530 and 19560 levels respectively with stop loss 19300 level  .


QUICK FUNDAMENTAL LOOK                                                                    


Stocks in Germany broke a winning streak on Tuesday, with the blue-chip DAX index down 0.11% despite the brighter economic sentiment for the country and the wider eurozone.

 

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

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