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KishanMittal
May 7, 2021 10:16 PM

SIEMENS - Simple Price action Long

SIEMENS INDIA LTDNSE

Description

Thought Process - Price has rejected multiple time from its resistance level of 1900 (at which there is a massive open interest of Call Writers), one it holds 1900 levels there can be a good breakout leading the price to its next round level of 2k.

Trade Plan - 50% positions can be initiated now with SL of 50EMA on a closing basis & next 50% when it holds 1900 levels.


Comment

viewers must have minted some money!

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Made a high of 1960

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Book 50% positions at 2030

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Upper Circuit... hahaha
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