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Siemens Ltd formed W Pattern

Discussion in 'Technical Analysis' started by praveenbkec, Jul 7, 2014.

  1. praveenbkec

    praveenbkec Member

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    Hi All,

    Siemens formed W pattern, can we enter for this stock with SL : 870 for the target of 1200?
     
    praveenbkec, Jul 7, 2014
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  2. shabbir

    shabbir Administrator Staff Member

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    Yes but target looks a bit steep to me.
     
    shabbir, Jul 7, 2014
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  3. praveenbkec

    praveenbkec Member

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    Yes your right shabbir, we can change our target to 1100 but return to risk is 1:1. so bit confusion, whether to enter or avoid?
     
    praveenbkec, Jul 7, 2014
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  4. shabbir

    shabbir Administrator Staff Member

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    1:1 is not very bad at times if pattern is perfect.
     
    shabbir, Jul 8, 2014
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  5. myidgmc

    myidgmc Member

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    can we enter @CMP 907 with SL 870 after yesterday crash?

    Thanks,
    Ram
     
    myidgmc, Jul 9, 2014
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  6. shwetagnema

    shwetagnema Active Member

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    it has formed triple top. so I would like to wait till it goes above 1010.
     
    shwetagnema, Jul 9, 2014
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  7. shabbir

    shabbir Administrator Staff Member

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    Not now. Let it form a bottom and may be in the leg up or as @shwetagnema said in the breakout.
     
    Last edited: Jul 16, 2017
    shabbir, Jul 9, 2014
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  8. myidgmc

    myidgmc Member

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    Thanks to Shweta and Shabbir for sharing views.
     
    myidgmc, Jul 10, 2014
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