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Siemens

Discussion in 'Technical Analysis' started by vishuhd1, Feb 1, 2013.

  1. vishuhd1

    vishuhd1 Member

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    Siemens has also given a U breakout pattern.. This has formed a strong base around 635-640 levels.. The targets could be 695-710-750.. Stop loss is 635..

    Please advice..
     
    vishuhd1, Feb 1, 2013
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  2. shabbir

    shabbir Administrator Staff Member

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    No the leg down has cracked the support and so I would not be taking long in this stock.
     
    shabbir, Feb 1, 2013
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  3. krasquinha

    krasquinha Member

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    Hi Shabbir,

    The support which you are referring is 660 ? Please advise ...

    Regards,
    Kiran
     
    krasquinha, Feb 1, 2013
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  4. shabbir

    shabbir Administrator Staff Member

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    650 Rather.
     
    shabbir, Feb 1, 2013
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  5. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir,
    How about shorting Siemens.
    It is again a stock with long decline.
    Please share your views.

    Veren
     
    verenmitter2001, Feb 23, 2013
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  6. shabbir

    shabbir Administrator Staff Member

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    Again I would prefer shorting in spikes as it is looking like a sure shot shorting candidate.
     
    shabbir, Feb 23, 2013
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  7. verenmitter2001

    verenmitter2001 Member

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    Shabbir
    Why is it happen that few stocks future are dicounted and few are at premiun despite the fact the Siemens stock is in downtrend the mar fut of siemens is at premium and Feb future is at par for this stock.

    Regards
    veren
     
    verenmitter2001, Feb 25, 2013
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  8. shabbir

    shabbir Administrator Staff Member

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    Feb is almost over and so it is almost at par.
     
    shabbir, Feb 25, 2013
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  9. verenmitter2001

    verenmitter2001 Member

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    Mar fut is at Premiun???
    Is there any rule to decide the trend through discount or premium??

    Regards
    Veren
     
    verenmitter2001, Feb 25, 2013
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  10. shabbir

    shabbir Administrator Staff Member

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    Yes there are rules which I don't prefer to be using them.
     
    shabbir, Feb 25, 2013
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  11. verenmitter2001

    verenmitter2001 Member

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    OK Thanks buddy. I was quite confused on this.

    You still hold your view of shorting siemens... Just to update I read a news in google about the stock so was thinking to wait for one to two days.

    regards
    Veren
     
    verenmitter2001, Feb 25, 2013
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  12. shabbir

    shabbir Administrator Staff Member

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    Shorting in spikes is better because the news may just fizzle out ones the spikes leg up is over.
     
    shabbir, Feb 25, 2013
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  13. verenmitter2001

    verenmitter2001 Member

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    Hi shabbir
    Siemens has started sharp up moves and formed a W too on up side.
    Give your view on this stock as this stock has really got beaten down and can be a good bet..

    regards
    Veren
     
    verenmitter2001, Mar 16, 2013
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  14. krasquinha

    krasquinha Member

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    I think we need to wait for some time. wait for the support to form arround 530 level.
    Shabbir - please comment.
    Regards,
    Kiran
     
    krasquinha, Mar 17, 2013
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  15. shabbir

    shabbir Administrator Staff Member

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    I don't see a W in this stock. Can you share the chart you are seeing.
     
    shabbir, Mar 17, 2013
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