AS PER MY ANALYSIS OF SIEMENS, THERE IS A LIKELY HOOD OF A PULL BACK UP TO 1310.
FURTHER, THE HOUR CHART INDICATES THAT AFTER REACHING 1310, THE PRICE WILL GO DOWN TO 1220 LEVELS.
OVERALL, THE PRICE MOVEMENT IS TOWARDS SOUTH.
The protective stop should be below 1297 and target mentioned in the chart.
Daily ATR is 36.
Open at 1361 and low 1267
1361-1267 = 106p (intraday moved)
WATCH OUT FOR EVENING STAR FORMATION TOMORROW.
TOMORROW'S MOVEMENT WILL GIVE THE CONFIRMATION.
IF THERE IS A BEARISH CANDLE, THEN THE DEFINITION OF EVENING STAR FITS AND ONE CAN SHORT.
FOR EDUCATIONAL PURPOSE ONLY - NOT A RECOMMENDATION TO BUY AND SELL.
TARGET - 1520
STOPLOSS - 1273
RISK REWARD RATIO - 1:11
TIMELINE FOR TARGET - 1 MONTH.
3NSE:SIEMENS
Siemens Limited is a holding company engaged in manufacturing of electric motors, generators, transformers and electricity distribution, and control apparatus; general purpose machinery, and electrical signaling, safety or traffic-control equipment. Its segments include Power and Gas, providing solutions for generation of electricity; Energy Management, supplying services for transmission and distribution of electrical energy; Building Technologies, providing buildings and infrastructures; Mobility, supplying solutions for passenger and freight transportation; Digital Factory, including software solutions and automation technologies; Process Industries and Drives, providing solutions and services across life cycles for industry sectors; Healthcare, providing technology for healthcare industry; Metals Technologies, providing metallurgical plant building technology catering services, and design and engineering, and Others, including services provided to group companies and lease rentals.
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SIEMENS
