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Siemenstrade

Siemens India: Looking for an early break out from the triangle 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 trend line of the triangle pattern with a considerable volume, it would be an early break out and the erst while upper trend line will turn to be a support line. In case of early break out, buy near 1135 during a surge after a pull back to 1120 levels. 1st Target - 1200-1230; 2nd target - 1250-1270 SL - 1105. Indicators: 1. MACD has a positive crossover and looking for a divergence 2. ADX indicate strength of the upward move 3. Price crossed and closed above 200 EMA and 20 and 50 EMA point upwards. 4. RSI not yet in overbought zone Caution: Since this is an early break-out without any strong fundamental news, respect the SL
NSE:SIEMENSLong
by Ram_HumbleIndianTrader
Siemens strategyHi , Strategy for today and monday. Trade must be terminated on Monday EOD No Naked put-call Buy/sell Buy JAN 1260 Siemens call @ 21-24 range Sell JAN 1280 Siemens call @ 12-13 range Don't buy more than 1 lot , You need capital of 1 lakh. Keep supertrend stoploss of 1256 on closing EOD basis , target 1280 whichever comes first. This trade must be terminated on Monday EOD , so don't expect million dollars even if you get 4-5 points get out. Consult your financial adviser before you take options trade , Its highly risky.
NSE:SIEMENSLong
by neneram
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