It has turned from a Bearish Harmonic Bat in Weekly time frame. Sustaining below today's low 1587 would open the path for 1550/1500/1400. It faces strong resistance now at 1625, view negates above 1660
It Broke 1 Yr Old Trendline. Its Sustaining on 1555 FIBONACCI LEVEL OF 78.6%
MAKE & HOLD POSITION ABOVE 1590 !!
POSSIBLE TARGET: 1700
NOTE: This Analysis Based On 1 Week Timeframe,
Targets May Achieve Within Period Of 3 to 6 Months.
Feel Free To Ask For Any Technical/Fundamental Query
Comment Down Below
Educational Purpose Only.
Stock is approaching its supply zone of 1590, if sustains above this then it may move to the expected target as marked.
If we see rejection near the supply zone then it would come again to test the lower level marked on the chart.
InvestPro India Team
1.SIEMENS bounced from Support Zone and currently facing resistance at the price zone 1553-1557 Levels
2.Stock is also making Inv H&S
3.It is also near Trendline Breakout
Must have it in your watchlist for coming days.
Crossing 1560 level can initiate a Good upside move
View negates below 1515 level
Note: This is for educational purpose only.
There seems to be a bullish breakout with ultra high volume from both rising channel as well as breakout from long term support turned resistance. RSI is above 70 so there will be a consolidation/ side ways movement before the next up move.
A channel breakout possible today or in the days to come.
Buy above 1248
Sell below 1226
Avoid the stock if a big gap up or gap down is seen
Enter after the breakout happens and not before it
Do not chase the market, i.e., do not get involved in late entries
Only enter with strict stop-loss and target
This is not a recommendation and is for...
Long Siemens above 1282 TGT 1350 SL 1252 . On Daily Good divergence seen. Stock is in the form of higher highs & lower highs. Good reward to risk ratio. This is for your educational purpose only.
ALSO REFER LINK FOR SEP 2020 PERFORMANCE SHEET...
TARGET ON THE CHART.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.