daivick

SIEMENS IND LTD - Possible breakout expected tomorrow at opening

Long
NSE:SIEMENS   SIEMENS INDIA LTD
Yearly Growth Siemens has seen in the last 3 years
2019 - 83%
2020 - 73%
2021 - 39%

Prices have been rangebound for the last 58 days

In daily frame the prices have breached the resistance and sustained. Should it close above tomorrow. That position itself can be used as Support for entry. Ideal resistance level to watch out for is between 2035 and 2044

In 60 min time frame the prices have tested the resistance level 3 times today and is in the range for a perfect breakout

Gap up opening was registered between yesterday and today with a Bulllish Kicker

BB is in order in all time frames

200 DMA breakout shows positive in daily and 60mins time frame

Entry: 2029
Target: 2099 ( Rs 70)
Stop loss: 2021 ( Rs 7)
Risk to reward : 9.06


Observe the opening and enter if the situation is progressive. Else wait for correction.

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