SIEMENS BEARISH TREND ANALYSIS (SHORT)

SIEMENS

SIEMENS BEARISH TREND ANALYSIS
Key Levels:
Entry Point: ₹6,559.45
Stop Loss (SL): ₹6,732.85
Target Points:

TP1: ₹6,339.95
TP2: ₹6,143.60
TP3: ₹5,747.50

Analysis:~
Trend Overview:
Siemens is showing a bearish trend, confirmed by the price breaking an 8-month support level. The chart highlights potential downside targets with a disciplined stop-loss placement.

Support and Resistance:
The price has failed to sustain above the long-term support level, which has now turned into resistance.
The trend suggests potential further decline toward the specified targets.

Risk Management:~
Stop Loss at ₹6,732.85 ensures risk is minimized if the trade goes against the trend.
Target levels are spaced for progressive profit booking.

Chart Insights:~
Bearish Confirmation:
Siemens has turned bearish, breaking below its 8-month support zone, signaling potential further downside movement.

Resistance:~
The previous support level now acts as resistance.
A stop loss is placed slightly above this level to mitigate risk in case of trend reversal.

Profit Targets:~
TP1 and TP2 offer conservative profit levels, while TP3 provides a more aggressive downside target.
Trend Direction:

The 50-day and 200-day moving averages are sloping downwards, indicating sustained bearish momentum.
Disclaimer:





I am not a SEBI-registered advisor. This analysis is for educational purposes only. Trade at your own risk. Please consult a professional financial advisor before making trading or investment decisions. Thank you! Like and share if you found this helpful.

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