1. DIYTechnicalAnalysis is a private community of traders and investors interested in building wealth from Indian equity market. You can become a member with a one time registration fee of ₹199. Click here to become a member

Siemens

Discussion in 'Technical Analysis' started by sujan4bw, Sep 12, 2012.

Tags:
  1. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Hi All,

    Siemens was moving in trading range from July mid. Yesterday there was breakout of trading range.

    Volume also looks good. It can be entered above 704 and target is 740.

    Analyze and keep stop loss levels accordingly.

    Regards
    Sujan
     

    Attached Files:

    sujan4bw, Sep 12, 2012
    Share #1
  2. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    It was in downtrend and so strict stop loss of 640 should be followed for long positions.
     
    shabbir, Sep 12, 2012
    Share #2
  3. find_honey008

    find_honey008 New Member

    Joined:
    Aug 30, 2012
    Messages:
    10
    Likes Received:
    0
    sir please guide me how to use macd and rsi
     
    find_honey008, Sep 12, 2012
    Share #3
  4. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Why do you want to be using those.
     
    shabbir, Sep 12, 2012
    Share #4
  5. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Thread was started on 12-09-12 with entry level at 704 for target of 740 , now stock is trading at 734 nearing to target .Please see Sudarshan Sukhani's comments on Siemens below on same day.

    Sukhani told CNBC-TV18, "There is nothing on the charts of Siemens, so I would just avoid it. Yesterday it went up; I said don’t buy it. Today it has gone down there is nothing on it."

    http://www.moneycontrol.com/news/stocks-views/avoid-siemens-says-sudarshan-sukhani_756917.html

    Stock has got resistance at 750....breakout above this level will have good time for traders and investors (shabbir & others let me know your views)

    This is what we can achieve in this forum.

    Regards
    Sujan
     

    Attached Files:

    Last edited: Oct 3, 2012
    sujan4bw, Oct 3, 2012
    Share #5
  6. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    I have always been saying these TV experts are for entertainment purpose only and they don't trade with their own money to understand market.
     
    shabbir, Oct 3, 2012
    Share #6
  7. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Stock has got resistance at 750....breakout above this level will have good time for traders and investors .....what do you say Shabbir.
     
    sujan4bw, Oct 3, 2012
    Share #7
  8. shabbir

    shabbir Administrator Staff Member

    Joined:
    Apr 30, 2012
    Messages:
    6,706
    Likes Received:
    1,940
    Target 840 and SL of 640 and so should be a good trade.
     
    shabbir, Oct 3, 2012
    Share #8
  9. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Same levels I noticed...Thanks Shabbir. Will keep it in watch list.
     
    sujan4bw, Oct 3, 2012
    Share #9
  10. sujan4bw

    sujan4bw Member

    Joined:
    Jun 12, 2012
    Messages:
    557
    Likes Received:
    18
    Touched target of 740 today
     
    sujan4bw, Oct 3, 2012
    Share #10