SIEMENS trade ideas
SIEMENS SELL / DISINVESTMENT ZONECMP 1894
HIGH 1918 TODAY
IT HAS TWO REVERSAL ZONES
R1 1920 TO 1922 INTERIM REVERSAL ZONE
R2 1944 TO 1950 BEST SHORTING ZONE
SL 1970 CLOSING ABOVE
TARGETS
1886/1859/1836 SHORT TERM TARGET
TARGETS
1805/1777/1755 MAXIMUM TARGETS BASED ON HARMONICS REVERSAL PATTERN
Siemens sometime bears have no mercy86 days of price activity presented for your view. Walkthrough slowly to understand better. All these 86 days trading only 16 days bulls managed to breach the resistance. But the bears took the control for a long time.
Ready to breakoutNice consolidation and preparing to breakout before earnings. A quick 5% upside is possible before earnings. Maintain SL. I don't recommend going into earnings with positions.
a good company giving good returnsSIEMENS
VERY RENOWNED COMPANY
FOLLOWING A TREND
IN A YEAR
GETTING DOWN AT SUPPORT
AND SELL AT RESISTANCE
UPSIDE 70% IN A YEAR
SIEMENS - Likely to move forward.SIEMENS - It has taken tread line support on daily as well as on weekly chart. RSI also moved ahead from over sold zone. In ADX Oscillator +DI has crossed -DI. All indicators indicating reversal of stock price. NSE:SIEMENS
SIEMENS Looks Good !!!SIEMENS : cmp :1841.25
A falling ch BO possible.
On the verge of BO.
Good to grab on dips.
TGT 1867/1886/1900/1942
Sl 1798 clbs
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
SiemensKeep a watch for pole and flag breakout, currently taken a good support at 20 EMA in day time frame.
SIEMENS: 5 Months 5-touch Support TL + Interesting Pattern! 👇🏻Siemens has been respecting this trendline since Nov 2020. Today after touching, it formed a bullish engulfing pattern. This is a clear indication that it has again tried to take support. Also look closely, after checking fibonacci extension levels for the past 5 months, you will see the following pattern.
D = 1.618 * AB
F = 1.618 * CD and
H = 1.618 * EF.
Since, Siemens has been following this interesting pattern 3 times on this trendline, the target K for the next time is 2200 by following the similar process up the trendline. Do check the pattern yourself.
SIEMENS: Bearish RSI DivergenceBearish RSI Divergence spotted on the Daily time frame. The price has been rising for the past one week while showing losing momentum with the falling RSI.
Entry Point has been marked along with Strict Stop Loss and Target based on Support and Resistance analyzed on the Monthly/Weekly/ Daily Chart time frame.
P.S: Enter only if the stock breaks the Trend Line on 8th March 2020.
Let me know your thoughts on this.
Cheers!!!
Break above the range might take the stock towards 1940/1960+NSE:SIEMENS
Stock after a big up move is now trading inside a range a decisive break above the range might take the stock towards 1940/1960+ levels
All ideas shared are for educational purposes.
