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Dear All ,
After So Long I am posting an Idea on TradingView Community So I urge All of you to give your full support by giving your Valuable Likes & Your Input on the Idea on Comments Box .
After Hit Call on M&M Finance , Chose Siemens Because :
(1) Positive Divergence with RSI
(2) Taken Support from Channel Bottom
(3) Good Volumes / OI Addition in ...
Top is confirmed
Retraces from 61.8 fibo level
908.80 must not be broken
As per charts. I will update my entry exit in comments.
SIEMENS is looking bullish and with increased volume it looks like it will breakout the trend formed since feb 2018.
open a trade once it breaks out with strong volume.
The Legal stuff - I'm not financial adviser and all the charts posted are for paper trading .
PS make sure you give me a like, that way you get updates as I post them.... :) <3
Bottom is confirmed
CCI(D) crosses 100
Duration 3-5 days ~ 1 week
ALL THE LEVELS ARE MENTION ON THE CHART SIEMENS
SIEMENS has broken out of trendline on hourly charts .
Has also formed bullish engulfing on daily support level .
Levels are mentioned on charts .
Siemens - Long -decent correction - MNC - buy here and to 800
siemens looking very good to long from here showing good demand targets and SL mentione din the chart
Quality MNC name - portfolio buy
Long above 963 with SL as 935 for Target of 989 / 1007 / 10031
03 OCT 2018
LOOKS GOOD ABOVE 992.10
(RISK FREE ABOVE 1002)
LEVELS ARE GIVEN IN CHART
Levels mentioned in charts...
SL BELOW 950 CBSL