SIEMENS:NSE PRICE ACTION 52W HIGH DTF SWINGSIEMENS Analysis DTF
Chart Pattern :
STOCK has recently TOUCHED its ATH of 7968 with 8 month Bull run . FIBO Retracement bounce back from 61% FOBO and now hovering between 23 to38% indicating a Bullish continuation
INDICATORS EMA :
The Price is Currently Trading below 20EMA, and 20EM crossed above 50EMA in DTF. STOCK EMAs are currently aligned in a ascending order 200 to 20 indicating a bullish Trend on DTF/WTF.
FIBO E :
After the Bounce back 61% FIBO Retracement Level, Price is currently trading near the 23.6% FIBO Retracement level of 6640 on DTF Impulse uptrend with ChoCH at 7260 on DTF
Volumes: are currently flat for the past few weeks..
TRADE PLAN
ENTRY -above 7270 50% qty
ADD 50% above 7950 DTF close
SL -7100
TARGET --01-9400
Hold For a 3-6months
Keep in your Priority Watch List
Disclaimer: For Education/Reference Purpose Only, Trade at your Own Risk with correct position sizing and SL based on your Risk Apetite. Trail Your SL progressively. Wait for Retest after any Breakout in higher Timeframe Learn/Know and Review the Stock trading Technical Terminology. Prefer Entry with 25% quantity, Add in Tranches of 25%-50% as prices moves upwards recommended.Check Verify the Financial fundamentals of the Stock and Seek Advice from a Certified Financial Advisor prior to Investing.
MTFA- Multiple Time Frame Analysis
DTF -Daily Time Frame
WTF-Weekly Time Frame
MTF- Monthly Time Frame
ATH-All Time High
RBC&H-Rounding Bottom Cup/Handle
BO- Breakout Close
EMA -Exponential Moving Average
FIBO R/E -Trend based Fibonacci Retracement/Extension
SL Stop Loss
TBD- To be Decided
CHoCH- Change of Character Bullish/Bearish
MSB/BOS -Break Out Structure
SWING/POSITIONAL Trade