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 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
Follow Us || Do Like this idea ||
You can also check the below related trading ideas and my personal trade setups.
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.
InvestPro India Team
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.
Price nearing April 2020 resistance, if breaks and closes above strongly then one can go for BUY.
If price come back to trend line support and if you are an aggressive trader then go long with small stop loss.
After the block deal of share transfer between the holding entities, Siemens India rallied and consolidated near the upper trend line of the triangle pattern.
On 03 July 2020, long green candle was formed in day chart above the upper trend line of the triangle pattern. Volume saw a huge spike indicating a big money move.
If the price sustains above the upper...