DAX... LONG AGAIN ?

Hello Guys, 

Posting a Signal After a Long Time, 

This time it's a Index Trade : DAX (GER30) 

DAX broken out of the Falling trend on Weekly time frame, The Breakout will need a confirmation by retesting the trend line but a strong support zone will prevent the index fall to limit to 10380 level. 

Targets on upside have no limits as it will be a breakout in a fresh zone. Previous High on the index was at 12300+ level and we will face some resistance till this level is crossed frequently.

My Recommendation :

BUY DAX @ 10600 & 10500 / SL 10380 / TP 10870 - 11050 - 11350 

Index trading without proper knowledge can be dangerous to your portfolio, consult your Adviser before entering into the trade and follow strict Risk Management. 

Disclosure :

The Adviser is a Certified Investment Adviser and Technical Analyst having 8 years of experience in Equity, Forex and Commodity Trading. The Adviser is not having any vested interest for himself or his clients while recommending the trade. 

tags : #dax #globalindices #indextrading, #ger30, #investing, #trading, #stockmarket #equity