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.
#Oct16 - Siemens (intraday) - Channel patternA channel breakout possible today or in the days to come.
Buy above 1248
Sell below 1226
Note:
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 educational purposes only.
always follow risk-reward and quantity management for the 100% of the times
The above mentioned idea may not work, so beware of the risk you are taking
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Happy Trading!!