SIEMENS (Breakout and restest)Retested the trendline and closed above it. Expecting higher high soon.
SIEMENS trade ideas
PATTERN LOOKS GOODMight break the pattern today. Wait for the D candle close.
Do your own analysis before investing.
siemens 1dtfLook like upside opportunity of target 2650 and may comes down as retracement and there is good accumulation upto 2420
SIEMENS.Buy SIEMENS INDIA above 2530. CUP & HANDLE pattern is formed.
(only for educational purpose)
Siemens BullishSiemens seems strong weekly closing indicates rally may continue further
concentrate if price sustain above 2518 in daily
SiemensSiemens
After consolidating in symmetrical triangle for a while now getting too close to a point from where it should move
A belt hold candle with volumes along with smaller wick supports its case
SIEMENS: SYMMETRICAL TRIANGLETrading strategy: Buy with SL of 2240 and look for the target of 2600/2700. later on the measured target .
Theory:
The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. You could also think of it as a contracting wedge, wide at the beginning and narrowing over time.
Trend: In order to qualify as a continuation pattern, an established trend (at least a few months old) should exist. The symmetrical triangle marks a consolidation period before continuing after the breakout.
Four (4) Points: At least 2 points are required to form a trend line and 2 trend lines are required to form a symmetrical triangle. Therefore, a minimum of 4 points are required to begin considering a formation as a symmetrical triangle. The second high (2) should be lower than the first (1) and the upper line should slope down. The second low (2) should be higher than the first (1) and the lower line should slope up. Ideally, the pattern will form with 6 points (3 on each side) before a breakout occurs.
Volume: As the symmetrical triangle extends and the trading range contracts, volume should start to diminish. This refers to the quiet before the storm, or the tightening consolidation before the breakout.
Duration: The symmetrical triangle can extend for a few weeks or many months. If the pattern is less than 3 weeks, it is usually considered a pennant. Typically, the time duration is about 3 months.
Breakout Timeframe: The ideal breakout point occurs 1/2 to 3/4 of the way through the pattern's development or time-span. The time-span of the pattern can be measured from the apex (convergence of upper and lower lines) back to the beginning of the lower trend line (base). A break before the 1/2 way point might be premature and a break too close to the apex may be insignificant. After all, as the apex approaches, a breakout must occur sometime.
Breakout Direction: The future direction of the breakout can only be determined after the break has occurred. Sounds obvious enough, but attempting to guess the direction of the breakout can be dangerous. Even though a continuation pattern is supposed to breakout in the direction of the long-term trend, this is not always the case.
Breakout Confirmation: A break should be on a closing basis for it to be considered valid. Some traders apply a price (3% break) or time (sustained for 3 days) filter to confirm validity. The breakout should occur with an expansion in volume, especially on upside breakouts.
Return to Apex: After the breakout (up or down), the apex can turn into future support or resistance. The price sometimes returns to the apex or a support/resistance level around the breakout before resuming in the direction of the breakout.
Price Target: There are two methods to estimate the extent of the move after the breakout. First, the widest distance of the symmetrical triangle can be measured and applied to the breakout point. Second, a trend line can be drawn parallel to the pattern's trend line that slopes (up or down) in the direction of the break. The extension of this line will mark a potential breakout target.
Simple Trade Setup | SIEMENS | 01-04-2022 [INTRADAY]NSE:SIEMENS
Observations:
1) 15min chart, we can see resistance channel and it also kind of formation of inverse head and shoulder pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for 01-04-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | SIEMENS | 21-03-2022 [INTRADAY]NSE:SIEMENS
Observations:
1) On 15min time frame, we can see a temporary short term support channel.
Please refer below chart : 15min Time Frame.
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Trade Setup for 21-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Simple Trade Setup | SIEMENS | 02-03-2022 [INTRADAY]NSE:SIEMENS
Trade Setup for 02-03-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Good support taken at 21EMA and 50DMA2390 will act as support
All time high as first target
relative strength +ve against market
#Siemens #Clean Chart please refer to the chart.
Gratify if you appreciate the practice then you can like it, share it and
If you want me to investigate any chart for you then would cherish doing that for you.
Thank you for your time and support.
Stay safe.
Expecting Siemens to go up from mentioned levelExpecting Siemens to go up from mentioned level as its losing its downside momentum.
Simple Trade Setup |SIEMENS | 08-02-2022 [INTRADAY]NSE:SIEMENS
Observations:
1) On 1 day time frame, we can see after breakout of the resistance channel, today it tested it and made good bullish candle.
And closed in the range of 2415-2430 level range.
If it trades above this range then this range will work as support and if it trades below it then it will work as resistance.
In between this range avoid to take any trade.
Please refer below chart : 1day Time Frame.
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Trade Setup for 08-02-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
expecting a short term downside move below mentioned levelexpecting a short-term downside move below mentioned level as it has changed its trend and also retested the previously broken low.
SIEMENS..... can be bought for 2600+SIEMENS..... can be bought for 2600+............................................
Siemens hourly chartTrading at very crucial trendline resistence if breakes then 2450/2550:short term tgt,long term tgt 2730/3000, budget is postive for manufacturing sector siemens is leader in it
SIEMENSA bullish bat harmonic pattern triggered at 2245 and its moving to is previous breakout levels with volume.
Targets 2570 and 2750
Buy SIEMENS AT 2395 INTRADAY TGT 2418 SWING TGT 2465Siemens is at the verge of breakout, buy above breakout and keep target of 1% gain in intraday and 3% in swing trade.
Simple Trade Setup | SIEMENS | 20-01-2022 [INTRADAY]NSE:SIEMENS
Observations:
1) On 1 day time frame, we can see that it bounce from 50DMA. 50DMA is immediate support. Since tomorrow there will be dedcution of Rs 8 from price as of dividend. So we can expect price to be open with that in consideration.
Please refer below chart : 1day Time Frame.
2) On 15min time frame, we can see that if has came out from the channel resistance And closed at 2380 level.
Please refer below chart : 15 min Time Frame.
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Trade Setup for 20-01-2022
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Siemens long opportunityNSE:SIEMENS
Hello all!
Siemens has been moving in a channel since Feb 2021. It came back to its lower trendline, took support, and bounced off. It also broke the trendline 1. This I believe generates a good opportunity to go long!
Apart from price action, there are other factors too which strengthen my conviction:
->Support from 50 day EMA
->Stock took support from the golden zone (50%-61.8% fib level)
The reward to Risk ratio also seems decent to enter this trade.
Do let me know your thoughts on this
*NOT A CALL*
