1) On 1day time frame, it closed below 10DMA.
10DMA is placed at 2362.46.
Immdiate resistance level will be 2360-2365 level range.
Also Immediate support range is 2300-2320 level range.
Immediate breakout level is 2400 level.
Please refer below chart : 1 day Time Frame.
2) On 1hr...
On 1 day time frame SIEMENS given breakdown of head and shoulder patter. It indicating further downside in this stock. Next downside target possible 1840 and 1785 in upcoming few trading sessions. Upside we can place stop loss @2060 for this short side trade.
Siemens has taken u turn from our harmonic prz level. Confirming its weakness with shooting star. Consider shorting this from the below levels.
Sell -Below 2000
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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.
No Naked futures or options trade.
Let's wait till 3.15 , Don't enter the trade right away ,
Today it must be red candle ,Price should close around 1287i.e towards days low (below 1287 would be ideal)
Simple strategy :
1)Buy 1300 JAN put , sell 1260 Jan put (stop loss will be close above today's candle if today is...