Market Analysis of DAX40 on Thursday 7 NOVEMBER 2024

2024-11-07 18:53Source:BtcDana

DAX40 TECHNICAL ANALYSIS SHORT TERM VIEW    


DAX40 running in positive trend and its immediate strong support are 19127 to 19227 level .  Stop loss is 19000 level and it can rise above 19677 level in form of wave 3 .Intraday purpose buying is better for targets19285,19310 and 19340 levels respectively with stop loss 19000 level.


QUICK FUNDAMENTAL LOOK                                                                    


The DAX soared 1.2% to trade around the 19260 level on Thursday, following a 1.1% drop in the previous session that sent the benchmark index to one-month lows, amid concerns about the impact of the Donald Trump election in the European economy.


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

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