SIEMENS trade ideas
Siemens (Still Holding up.)Siemens is a continuation stock from the previous week. It tried to break the range only to be rejected and it fell back within the zone. The price is still in and around the resistance zone and ideally should test it through this week as well. However a weakness might drive the prices down further. Look for a clear breakout over the channel/below the red line to initiate any trade, the way volatility is going its hard to really anticipate one sided movement so always trade with sufficient buffer and hedges.
With US elections coming in the markets are going to be more volatile and moves might now follow technicals as efficiently as it does in a normal market.
Trade with Caution
Siemens (A consolidation before a continuation ?)Siemens has beautifully been following its 50 EMA which is considered to be a good support zone for a trend and has reversed from it as early as 3 days back maintaining its upward trajectory. However after a long time the stock actually made a lower high instead of a higher high indicating a possible change in trend. However for now it has been negated by a reversal from the 50EMA. It will be crucial for the stock to make another higher high to negate the bearish sentiment and resume a new trend on the upward end.
On the lower side the 50 and the 200EMA are very close showing strong support for the stock. A breach of either of the red lines would lead to further continuation on the side of the breach.
Results season will drive sentiments and fundamentals will have a bigger role to play for now because of constant flux of news on the industry and companies declaring results.
Trade with Caution
Siemens - Bullish Swing Trade SetupSiemens CMP – 1261.25
Overall trend is bullish. However, recratecement is going on and it can go down till 1240
One can go long on this stock for swing trade with the following entry, exit & stop loss.
Buy range 1240 - 1269 / Stop Loss 1235
Target 1 - 1300
Target 2 - 1350
Target 3 – 1400
Note: This is my view and for educational purpose only
Siemens - Intraday Trade SetupSiemens CMP – 1261.25
Overall trend is bullish. However, recratecement is going on and it can go down till 1240
One can go short on this stock for Intraday trade with the following entry, exit & stop loss.
Sell range 1260 - 1269 / Stop Loss 1278
Target 1 - 1255
Target 2 - 1247
Target 3 – 1240
Note: This is my view and for educational purpose only
Siemens India 23rd SeptSiemens India Is standing on Support Level. It will be Make Or Break Level.
Level Can find on chart.
Disclaimer - I am not SEBI Registered. Above view is my own pure view and It's for an educational purpose.
Please do trading after consulting you financial adviser. I will be not responsible for any Loss and Profit .
SIEMENSIF IT IS ABLE TO CROSS 1260-1265 levels AND SUSTAIN, IT CAN SEE 1270 AND 1290
IF NOT THEN ON REVERSAL, IT WILL FALL BACK TO 1240, 1230, 1212 AND 1200 EVENTUALLY
TRAIL YOUR STOPS
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Hi all,
Its pleasure to have you all here.
I have started putting these charts as a contribution from my side to all people who are new to business, as I had to struggle a lot without any sources at disposal. So please consider this a just small contribution from my side.
Few Honest Disclosures:
1. Any idea shared is my personal view, its not a recommendation, neither any kind of paid propaganda, so please
do your bit of research.
2. Ideas shared does not mean that I trade all or have position in them, this is just a helping hand to all.
3. I expect no comments or like nor any negativity, as I said its just a small helping hand from my side, please plan your risk and trade as per your capacity.
4. To trade in Cash, options or futures is your sole choice and your own risk
5. I am no expert in Tech Indicators, I believe in support resistance and trendline theory, you may use this as a supplement theory for better results.
6. I work for my own living, this is a hobby which I do sincerely to help anyone who might come across my charts.
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