SiemensKeep a watch for pole and flag breakout, currently taken a good support at 20 EMA in day time frame.
SIEMENS trade ideas
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.
SIEMENS (Part-1)High chances of a breakout in Monthly Chart.
Keep an eye on this month closing price.
SIEMENS ( Sell on rise)Triangle pattern
Chart is self Analysis.
Take the trade after Consult your financial advisor and proper analysis
Chart Share only for educational purpose.
Kindle like and provide your support .
Feedbacks are welcome
Disclaimer :- Trade@ Own Risk
Siemens Looks WeakStock is trading in the range and we may see a good move once the range is broken.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Flag Pole structure : SiemensPost is for educational purpose only. Please consult your financial advisor before taking any trading decision. Always use a stop loss to minimize your risks.
Siemens - Wyckoff schematicsLets try something new !
It is called Distribution phase and it is comprising of
BC - buying climax
AR - Automatic Response
ST - Secondary Test
UT - Upthrust
UTAD - Upthrust after Distribution
SOW - Sign of weakness
One thing to note that Distribution phase looks like Reaccumulation phase so in such cases , trades needs to be initiated only after confirmations
From here stock can go up also.
SIEMENS forming a bearish price action at TOPSIEMENS forming a negative price actions at top. Keep watch
SIEMENS Intraday short
SIEMENS : cmp 1844.75
Looks weak may go upto 1800
TGT 1822.35/1805.25
SL 1863
Let's see what happens....
Disclaimer: Ideas for learning Only.
Learn Regularly. Not occasionally.
