NSE:SIEMENS Stock after a big up move is now trading inside a range a decisive break above the range might take the stock towards 1940/1960+ levels All ideas shared are for educational purposes.
Daily chart shows a flag and pole type formation. Expecting a good breakout soon
High chances of a breakout in Monthly Chart. Keep an eye on this month closing price.
Stock is trading in the range and we may see a good move once the range is broken. To motivate me, Please like the idea If you agree with the analysis. Happy Trading! InvestPro India Team
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.
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.
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
Siemens short positional or profit booking zone if you hold investments
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. Happy Trading! 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
SIEMENS forming a Ascending Wedge and gave a fake Breakout and consolidating from then and formed a support zone (1520-1512),once it breaks and closes below support, its good to go short
buy SIEMENS above above 1556 and titan above 1440
wow stock still upwards momentum is onnn . . . happy trading & investing god bless you
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.
Suggested on 1300 Now 1500+ Next 1560, 1600. No personal suggestion for any buy sell
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.