Siemens - Reflection of an investment cycle

After a classical 6 day consolidation, the stock broke out. Our entry was at 1015 and at 1040 when it broke above the consolidation zone. What we are now witnessing the possible formation of a bearish gartley pattern. A confirmation will be when the stock retraces from around 1275 levels. A negation of this pattern will be when it break above and sustains - in which case the stock can head back to 1475 levels. But that's a long shot. For regular updates one can track telegram channel NiftyStockCall


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