Siemens StrongChart -> Siemens Daily
Double bottom breakout in Siemens at support level. Eyeing resistance as target again.
CMP: 7350
Good Range to Buy: 7150 to 7350
Targets: 7600, 8000
SL: 7000 Daily Close
Disclaimer: This is for educational purposes only, not any recommendations to buy or sell. As I am not SEBI registered, please consult your financial advisor before taking any action.
SIEMENS
Siemens cmp 7348.50 by Daily Chart view*Siemens cmp 7348.50 by Daily Chart view*
- Volumes surged today by demand based buying
- Price Band 7150 to 7250 is now a Support Zone earlier Resistance Zone
- Old Gap Up Opening of 15-May-2024 Filled In multiple times by Resistance Zone Breakout
- Weekly basis Support at 7005 > 6675 > 6335 with the Resistance at 7600 > 7915 > ATH 8129.90
- Multiple Bullish Rounding Bottoms done with the neckline at Support Zone earlier Resistance Zone
- Stock Price respecting the Rising Support Trendline and sustaining over the Falling Resistance Trendline
Institutional trading strategy | Order Block | SIEMENS💡Insider Insights:
👉Siemens eyes $9.1B Altair Engineering acquisition for digital growth.
👉Expands AI partnership with Microsoft.
👉Launches Solid Edge 2025 for better design tools.
1️⃣An Order Block Area is a price zone with heavy buying or selling by institutions, Traders use these areas to identify potential price reversals or trend continuations.
✅Identifying an Order Block:
⭕️Consolidation Areas: Look for tight price ranges.
⭕️Sharp Breaks: Identify strong price moves following consolidation.
⭕️Tested Zones: Recognize areas acting as support or resistance.
2️⃣The accumulation phase with a small range is when a stock trades within a narrow price band while large investors buy shares. This indicates strong demand and often leads to a potential upward breakout.
💡Technical Analysis:
✅Inverted Head & Shoulder Chart Pattern
✅ Cup & Handle with order block confirmation
✅Prior accumulation phase
✅Rise in Volume
✅Trap Trading with Bo and fake out confirmation
💡Fundamental Analysis:
👉Revenue Growth: Steady growth, especially in Digital Industries and healthcare.
👉Earnings & Margins: High operating margins due to efficient digital solutions.
👉Dividend: Yield around 3-4%, attractive to investors.
👉Debt & Liquidity: Manageable debt levels with strong cash reserves.
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✍️COMMENT Below your view !
SIEMENS | Signs of Accumulation Siemens is a global technology company with a diverse range of products and services. Here are some key stats and information about Siemens:
Founded: 1847 by Werner von Siemens and Johann Georg Halske.
Headquarters: Munich, Germany.
Employees: Approximately 300,000 worldwide.
Business Segments:
Digital Industries: Automation and digitalization in manufacturing.
Smart Infrastructure: Electrical equipment and smart building technologies.
Mobility: Solutions for rail transportation.
Siemens Healthineers: Medical technology and healthcare services.
Siemens Financial Services: Financial solutions.
Global Presence: Operations in over 200 countries.
Sustainability Initiatives: Siemens is committed to sustainability and aims to be carbon neutral by 2030.
💡✍️Technical Reasons to trade or Strategy applied :-
✅Inverted Head & Shoulder Chart Pattern Bull Breakout
✅ Prior uptrend & Rounding Bottom
✅Breakout confirmed
✅Rise in Volume
✅Clear uptrend with HH & HLs sequence
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Siemens Indicates Pendent Pattern Breakout Above 8000Details:
Asset: Siemens Limited (SIEMENS)
Breakout Level: Sustaining above 8000
Potential Target: Significant upside momentum expected
Stop Loss: Below breakout level or as per risk tolerance
Timeframe: Short to medium-term
Rationale: Siemens Limited (SIEMENS) is indicating a potential breakout above the 8000 level, potentially breaking out from a pendent pattern. Sustaining above this level could signify a bullish sentiment shift and pave the way for a significant upmove.
Market Analysis:
Technical Breakout: Breaking out from the pendent pattern and sustaining above 8000 suggests a technical breakout, potentially attracting buying interest and driving the price higher.
Market Sentiment: Positive market sentiment or company-specific factors may be contributing to the anticipated breakout in SIEMENS.
Potential Target:
The potential upside target for SIEMENS is not specified but is expected to be significant given the pendent pattern breakout.
Risk Management:
Implementing a stop loss strategy below the breakout level is essential to manage risk in case of unexpected price reversals.
Timeframe:
The projected move for SIEMENS is based on a short to medium-term outlook, but actual timing may vary based on market conditions.
Risk-Reward Ratio: Consider individual risk tolerance and adjust position size accordingly to maintain a favorable risk-reward ratio.
As with any investment opportunity, conduct thorough analysis and consider factors such as market trends, company fundamentals, and risk management strategies before making trading decisions.
Daily Bullish Flag Breakout in Siemens India with 20% upsideHi,
NSE:SIEMENS has given a Bullish Flag Breakout on Daily charts with very good volume.
MACD is also on the bullish side on daily and weekly time frames. RSI is also on the bullish side on daily and weekly time frames.
In the current market scenario, I am expecting that the bullish momentum will continue.
Complete price projection like entry, stop loss and targets mentioned on the charts for educational purpose.
Please share your feedback or any queries on the study.
Disclaimer: Please consult your financial advisor before making any investment decision.
SIEMENS - Swing Trade - 11th February #stocksSIEMENS (1D TF) - Swing Trade Analysis given on 11th Feb, 2024
Pattern: RECTANGLE BOX BREAKOUT
- Resistance Buildup, Retest and Break - Done ✓
- Retest & Consolidation - Done ✓
#stocks #swingtrade #chartanalysis #priceaction #traderyte #SIEMENS #stockmarket #sharemarket #viral #sharemarketindia #StockMarketindia #investment
SIEMENS | Swing Trade📊 DETAILS
Sector: Electric Equipment
Mkt Cap: 143,327 cr
Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil & gas applications, transmission and distribution of electrical energy for passenger and freight transportation, including rail vehicles, rail automation and rail electrification systems.
TTM PE : 73.10 (Average PE)
Sector PE : 74.05
Beta : 0.59
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
5.19% away from 52 week high
Outperformer - Siemens up by 10.7% v/s NIFTY 50 up by 8.13% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
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SIEMENS | Investment Pick📊 DETAILS
Sector: Electric Equipment
Mkt Cap: 121,191 cr
Siemens Limited offers products, integrated solutions for industrial applications for manufacturing industries, drives for process industries, intelligent infrastructure and buildings, efficient and clean power generation from fossil fuels and oil & gas applications, transmission and distribution of electrical energy for passenger and freight transportation, including rail vehicles, rail automation and rail electrification systems.
TTM PE : 59.35 (Low PE)
Sector PE : 77.67
Beta : 0.64
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
16.54% away from 52 week high
Underperformer - Siemens down by -3.76% v/s NIFTY 50 down by -1.15% in last 1 month
📈 FINANCIALS
Piotroski Score of 7/9 indicates Strong Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
If you found this analysis helpful, I encourage you to like and share it. Your observations and comments are also welcomed below. Your support, likes, follows, and comments motivate me to consistently share valuable insights with you.
🔍 More Analysis & Trade Setups 🔍
For more technical analysis and trade setups, make sure to follow me on TradingView: www.tradingview.com
#SIEMENS Rising wedge & hanging man formation Siemens on weekly timeframe is forming a rising wedge formation.
It is also formed at the top of the rising channel in which Siemens has been trading from quite some time, generally such formation are formed as ED formation in EW and can be a signal of truncated 5th in its impulsive wave upmove.
Although, this post doesn't deal in great detail with EW wave marking but an indicative wave counts are marked as well.
Weekly chart is also showing a negative divergence and longs need to be cautious here as I have anticipated it earlier as well (link in related idea section) and since then it hasn't moved up much on upper side.
On daily time frame, the script has formed a "Hanging Man", which is also a bearish reversal pattern and most importantly the candlestick pattern has appeared at ATH. Invalidation level for this pattern is any closing above the high of the hanging man candle and if price start sustaining below and closes below this candle, then it will be a confirmation of this pattern which can drag the price downside.
SIEMENSSIEMENS:- Rounding bottom pattern is formed, wait for breakout, till then keep an eye on the stock
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
BSE Capital Goods- Relative Strength signaling RED FLAGS!Attached: BSE Capital Goods/ BSE Sensex Daily Chart as of 13th April 2023
The Ratio Chart has given Warning Signals of what is about to come for the Capital Goods Sector, the Warning Signals are as follows:
1) A Broadening Wedge Pattern (see the Blue Trend Lines marking the Pattern)
2) A Double Top formation within the Broadening Wedge Pattern (see the Red Curve and the 2 Down Arrow Marks)
3) Triple Bearish RSI Divergence is also visible
4) MACD is currently in Sell Mode
5) ADX is below 25 meaning range bound (this means a Trend is about to start, biased for the Downside given the other signals)
All the Signals I have mentioned are Bearish for the Chart which mean that if it comes to play then the Capital Goods Sector (including Stocks that make up the Sector) would be confirmed to be an UNDERPERFORMER for the coming 2-3 Weeks (till the Downside Target gets met on the Ratio Chart at least)
You may look at Stocks within the Capital Goods Sector for Shorting as some of them have already given Sell Signals like L&T and SIEMENS (these 2 are on my radar)