This stocks has been trading in a channel pattern since many years and gave a breakout and pullback too, so Its a quite good stock to invest in small small quantity....
Siemens is all set to touch its all-time high after a big downfall. Took support from the 5-month trend line, Can go till 1900,1960 levels in few weeks.
Siemens CMP - 1791.25
Looking bearish in higher time frame. One can go for Intraday Trade Setup with the following entry, exit & targets.
*Sell* At or Below 1781 / Stop Loss 1803
Target 1 - 1776
Target 2 - 1765
Target 3 - 1750
Disclaimer: This is my view and for educational purpose only.
This analysis is done purely on basis of price action and chart patterns
Analysis is done on Daily TF hence it may take few days to few weeks for price to reach the given target.
This is not a trade recommendation. Do your own study before entering into any trade.
Trade with your own risk & money management.
Feel Free to comment for any query or suggestion.
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SIEMENS LTD had triggered a few days ago on DYNAMIC - Long Only Model. The price has not moved since the entry date and is currently at the same price or around where it was triggered a few days ago. The current entry point is good enough entry for the trade.
intraday sell near-1528-trgts are-1517-1513 ,sl-1537 after volume confirmation
buy at-1544-trgts-1554,1560,1570 sl-1532
note-trade at own risk .like my work if anyone will make profit on monday.
