SIEMENS
Chart of the Week (30/01/2021)Chart of the Week for this week is Siemens India. The stock had hit its resistance at Rs.1720 and is now heading towards the support of Rs.1565; if Rs.1565 is broken down then shorts can be added with a target of Rs.1460; otherwise one can add at the immediate support level or buy after the resistance of Rs.1720 is broken for bullish side trade.
HOLD SIEMENS ABOVE 1590 - POSSIBLE TARGET 1700 (1W-TF BASED) 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.
SIEMENS Long Idea1.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
Siemens - Bullish Breakout with Ultra High VolumeNote: 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.
SIEMENS INDIA LTD - ASCENDING TRIANGLE BREAKOUTTARGET 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.