SIEMENS trade ideas
SIEMENSNSE:SIEMENS
One Can Enter Now ! Or Wait for Retest of the Trendline (BO).
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
Siemens - Bounce before next leg downWe were looking for a 5 wave completion (from 2250 ) in Siemens - see prior analysis. Stock went up to 3140 most likely completing a 5 waver and has since corrected down to today's low of 2890. 2880 or so is major support on siemens. Risk reward on near term shorts is not great I would think. Would expect a bounce before we get a good risk reward opportunity to try shorts here
Siemens - 5 waves done?Had mentioned in earlier analysis of siemens that a 5 waver is done here. Details below
Siemens has either completed 5 waves in its move from 2250 or late stage 5th. Hence the long exit/ sell
on weekly too it is likely completing a much larger timeframe 5 waves if my counts are correct