SIEMENS - Downtrend started - Target 3120, 2900, 2700 levels
Updated
SIEMENS has been a strong stock and has risen more than 3x since May'20.
It has formed an Ending diagonal pattern with RSI divergence at the top of the up trend and has given breakdown at 3310 support line.
Target is coming to 3120, 2900 then 2700 levels.
(timeframe for target is open).
SL: Daily candle close above 3310 levels.
It has formed an Ending diagonal pattern with RSI divergence at the top of the up trend and has given breakdown at 3310 support line.
Target is coming to 3120, 2900 then 2700 levels.
(timeframe for target is open).
SL: Daily candle close above 3310 levels.
Trade closed: stop reached
SL hit
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