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 .