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Long

DAX faces minor trendline resistance at 9825,good to buy at dip

FX:GER30   DAX index of German listed shares
222 0 7
DAX             has recovered after making a low of 9417 yesterday. It is currently trading around 9725.

The index is expected to jump till 9825 ( trend line joining 10875 and 10164) and any further bullishness can be seen above this level. Above this level jump till 10000/10164 is possible.

Short term trend is slightly bullish as long as support 9300 holds.

Any break below 9300 will drag the index down till 9216/9120/9000.

On the higher side minor resistance is around 9760 and break above targets 9825.

Overall trend reversal only above 10200.

It is good to buy at dips around 9600-9625 with SL around 9400 for the TP of 9750/9825
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