prajwalbkumar

SIEMENS: Bearish RSI Divergence

Short
NSE:SIEMENS   SIEMENS INDIA LTD
Bearish RSI Divergence spotted on the Daily time frame. The price has been rising for the past one week while showing losing momentum with the falling RSI .

Entry Point has been marked along with Strict Stop Loss and Target based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame.
P.S: Enter only if the stock breaks the Trend Line on 8th March 2020.

Let me know your thoughts on this.
Cheers!!!
Comment: Siemens is taking a support at the trend line. Wait patiently until it breaches the trend line.
New buy level to be updated after successful breakdown.

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