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...
The support and resistance are shown on the charts. Keep your stop-loss intact every time.
Only for learning and sharing purposes, not a bit of trading advice in any form.
All the best.
I AM NOT SEBI registered advisor please consult financial advisor for your investment.
This is only for educational purpose you can also share your thoughts on the comments
\\Representation:
**Green dashed line--Supportive line
**Red dashed line--Resistance line
**Black up and down arrow--touches of support line
**cmp:2980
In this chart, I can see good DOUBLE...
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 3065
#This is not Buy and Sell recommendation to any one. This is for education...
Basis: Siemens has given a good box breakout after nearly 8 months consolidation and supposed to be looking good. Could touch 3000 soon. Based on the situation below spread can be created for Aug'22.
Idea: Bull spread. Buy 2900 CE 1 lot and sell 3000 CE 1 lot for R:R of 1:1.52.
SL: If Siemens starts breaking down below 2800 exit. (Dont hold for too...
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 2820
#This is not Buy and Sell recommendation to any one. This is for education...
Expected Direction for this month on Siemens India
if breaks resistance zone another 100 points upside rally can be expected for bull trap (this is what generally markets do )and back to support zone mentioned .
This stock has broken upside from approx 18 months of consolidation , hence may keep consolidating in between support and resistance zone
any negative...
