Favourable R:R ratio - SIEMENS
The stock has corrected after the huge spurt in vol as well as price. The volumes during correction are low and have dried up. The stock has taken support on 20EMA on W time frame and has bounced off from 100EMA on D time frame. It has also respected the trend line. RSI and MACD are also complimenting the price action. The RSI is on rise and MACD is also moving towards uptrend.
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