NSE:SIEMENS
Observations:
1) On 1hr time frame, we can clearly see it came out from the falling channel and now it gave closed in range of 2345-2360. which is working as resistance and support.
Breakout of this range will give good upmove.
Please refer below chart : 1hr Time Frame.
2) On 15min time frame, we can see that it has made inverse head and...
Siemens has taken u turn from our harmonic prz level. Confirming its weakness with shooting star. Consider shorting this from the below levels.
SIEMENS
Sell -Below 2000
SL -2010
Target- 1910
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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.
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.
![SIEMENS: Simple Trade Setup | SIEMENS | 13-01-2022 [INTRADAY]](https://s3.tradingview.com/f/FGhtSkhW_mid.png "Simple Trade Setup | SIEMENS | 13-01-2022 [INTRADAY]")
