Yearly Growth Siemens has seen in the last 3 years
2019 - 83%
2020 - 73%
2021 - 39%
Prices have been rangebound for the last 58 days
In daily frame the prices have breached the resistance and sustained. Should it close above tomorrow. That position itself can be used as Support for entry. Ideal resistance level to watch out for is between 2035 and 2044
1. Approaching trendline
2. Bullish MS on the lower time frame
3. Rebound from 200 MA cluster
4. Volume expansion
5. Early signs of reversal
6. RSI strongly curving upwards
7. Stop loss: 1920
You are always advised to use an appropriate Risk-Reward ratio as per your strategy.
Disclaimer: This is NOT investment advice. This chart is meant for...
Siemens is looking good on daily chart. Trying to breakout the triangle pattern and RSI is also supports the breakout. Once cross the level of 2025 rs it will give good move in long position.
Entry: 2035 rs
SL: 1960 rs
Target: 2250 rs
Please share with your family and friend if you like the idea to go long. This chart is only for education...
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
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.