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johntradingwick
Jul 22, 2021 2:13 PM

Siemens- Rebounding from 200 MA cluster Long

SIEMENS INDIA LTDNSE

Description

Key Highlights:

1. Approaching trendline
2. Bullish MS on the lower time frame
3. Rebound from 200 MA cluster
4. Volume expansion
5. Early signs of reversal
6. RSI strongly curving upwards
7. Stop loss: 1920

You are always advised to use an appropriate Risk-Reward ratio as per your strategy.

Disclaimer: This is NOT investment advice. This chart is meant for learning purposes only. Invest your capital at your own risk.
Comments
narpatsinpanwar
mission over
johntradingwick
@narpatsinpanwar, No. It never hit the Stop loss.
Kapil-Mittal
Which moving average has it rebounded from?
johntradingwick
@ikapilmittal, I already mentioned that in the heading itself, 200MA/EMA. If you use both MA and EMA together, you can call it cluster.
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