Note: This is for educational purpose only.
There is a wedge pattern breakout in Siemens with high buying volume. RSI above 60 which is a confirmation of bullish momentum.
Entry-level point 1150_1060 if sustain above it
One can add between 1110 to 1150 if comedown and consolidate for one or two days
Stop loss -1080
Target will be 1240 , 1300
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
This Chart idea is on Basis of Volume Breakout that doesn't mean the stock price can go up but yes has high probability to do so..
I shared Siemens post on 28th May when the stock was @ 1050. It made high @ 1065. I am seeing more upside. I will hold my position unless it will be closed below 1130 or I may book profit when it will reach its target.
Please find the Demand and Supply Zone for the stop loss and target.
It will be strong if it will sustain above 1050. If it will manage to sustain above this level then it may test its upper supply zones. Please find the supply and demand zones for target and stop loss.
