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...
SIEMENS:- 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...
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...
#Watchlist
#SIEMENS (D):- Looking good for a 3400/3500 target with volume only above 3300++.
#Disclaimer:-View shared it for educational purposes only.
Siemens on weekly timeframe is showing early sign of bearish divergence and longs needs to be careful here.
Also, as the price has been rising over last few sessions but OI has been reducing showing a sign of long unwinding with also delivery volume declining ...
SIEMENS:- Ascending triangle pattern has been formed, stock has also given breakout, keep your 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...
A good consolidation in siemens for 21 weeks. The price hasn't broken out of the range yet. Keep a close eye; added to Watchlist.
This is not a recommendation. The chart analysis is only for educational purposes. Please consult your financial advisor before making any buy or sell decision.
Under a consolidation stage now. Stock is at a resistance level now. Waiting for a breakout . 3500 levels are possible within a month if breakout happen .
The stock is trading in a channel for the last few days. Again touching the lower levels now. If bounce back, may go to 3020 levels. Keep tracking.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
Banknifty is in uptrend, its Montly and weekly RSI is 64 and almost 60 respectively. Daily RSI taking support @ 40. Its a good buy for swing and positional view. Major support near 41800- 42000 and specific SL below 41635. Banknifty is trading in a long channel and is currently at lower end of the channel. Further for last 3 weeks its is within a range and is not...
The setup is shown on the charts. As long as stock sustains below 3050, may go down to 2960.
Only for learning and sharing purposes, not a bit of trading advice.
All the best.
Stock Name - Siemens Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 3085
#This is not Buy and Sell recommendation to any one. This is for education...
Chart patterns poise way for the above titled opinion
Reasons
1. SIEMENS travelling in a Ascending channel (From 2019)(Bright red & green lines shown in chart).
2. Now, it seems ready for the downswing (white trendline descending channel shown in chart) inside the Ascending channel.
3. Rounding top too confirming the chances of down move .
4. GAP b/w...
