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Siemens

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

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  1. sujan4bw

    sujan4bw Member

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    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
     

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    sujan4bw, Sep 12, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    It was in downtrend and so strict stop loss of 640 should be followed for long positions.
     
    shabbir, Sep 12, 2012
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  3. find_honey008

    find_honey008 New Member

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    sir please guide me how to use macd and rsi
     
    find_honey008, Sep 12, 2012
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  4. shabbir

    shabbir Administrator Staff Member

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    Why do you want to be using those.
     
    shabbir, Sep 12, 2012
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  5. sujan4bw

    sujan4bw Member

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    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
     

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    Last edited: Oct 3, 2012
    sujan4bw, Oct 3, 2012
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  6. shabbir

    shabbir Administrator Staff Member

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    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
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  7. sujan4bw

    sujan4bw Member

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    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
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  8. shabbir

    shabbir Administrator Staff Member

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    Target 840 and SL of 640 and so should be a good trade.
     
    shabbir, Oct 3, 2012
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  9. sujan4bw

    sujan4bw Member

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    Same levels I noticed...Thanks Shabbir. Will keep it in watch list.
     
    sujan4bw, Oct 3, 2012
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  10. sujan4bw

    sujan4bw Member

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    Touched target of 740 today
     
    sujan4bw, Oct 3, 2012
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