R_A_G_A_S_J

SIEMENS

Long
R_A_G_A_S_J Updated   
NSE:SIEMENS   SIEMENS INDIA LTD
* On the weekly chart stock price has formed "INVERSE HEAD & SHOULDER" pattern and has given breakout on closing basis
* This breakout is accompanied with increase in volume which supports bullish sentiments ahead
* The daily as well as weekly strength indicator RSI and the momentum indicator Stochastic both are in positive territory which supports upside momentum to continue in near term.
* Stock price is sustaining well above its 20,50 and 100 day SMA which supports bullish sentiments ahead.
* The above analysis indicate an upside of 1173.95 - 1196.60
#Findyourtrade
Comment: 1st target achieved made high of 1174.80. 4% up in 3 days.
Trade closed: target reached: 2nd target achieved. Stock made high of 1197.

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