Mazhar Mohammad
Siemens appears to have registered a price and volume breakout on massive volumes and appears to have started a fresh leg of the up move from the lows of Rs 900.
Usually, after this kind of huge volume, day prices may undergo consolidation. Hence, traders are advised to buy at current prices and add further on dip around Rs 925 with a stop of Rs 897. The expected target for this trade is around Rs 990.
Disclaimer: The author is Chief Strategist – Technical Research & Trading Advisory at Chartviewindia.in. The views and investment tips expressed by investment expert on moneycontrol.com are his own and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
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