Timeframe: Daily
Ticker: NSE:SIEMENS
🔥 Key Technical Setup:
Cup & Handle Pattern:
Cup Depth: ~1026 points
Breakout Level: 3414 (multi-touch resistance).
Golden Cross Confirmation: 50 EMA crossed above 200 EMA (bullish long-term momentum shift).
Volume & Price Confirmation:
- Entry Trigger: Close above 3414 with a strong green candle + above-average volume (min. 1.5x 20-day avg volume).
- False Breakout Filter: Volume must surge to validate breakout.
🎯 Trade Strategy:
Entry Zone: 3415–3430 (after confirmed breakout).
Stop Loss: 3169 (swing low of the handle, below key support).
Target 1: 3750
Target 2: 4170
Final Target: 4455 (cup depth projected from breakout: *3414 + 1026 = 4440–4455*).
The trade targets 4455, but reaching this level will take time—patience is key as price works through resistance at 3750 and 4170.
📉 Price Action Mantra:
“Price absorbs all noise! Trade the CHART, not the news.”
📊 Why This Works:
1. Golden Cross Amplifies Momentum: Post-crossover, rallies average +25% in trending stocks.
2. Cup & Handle Statistics: 85% success rate when volume confirms breakout.
3. Volume Divergence: Declining volume in handle + surge on breakout = institutional accumulation.
⚠️ Risk Management:
Position Size: Risk ≤1% capital per trade.
Trailing SL: Move SL to 3300 after Target 1 (3750) hit.
Partial Exit: Book 50% at 3750, 25% at 4170, hold 25% for 4455.
🧠 Psychology & Market Structure:
Resistance Levels to Watch:
3750: Profit-taking zone.
4170: Key options barrier (break = accelerated FOMO).
Support Floor: 3200–3169 (must hold to preserve structure).
Set alerts, follow volume, and let price lead the way!
📌 Disclaimer:
This is not financial advice. Past performance ≠ future results. Conduct your own due diligence. Technical analysis has limitations and may not account for black swan events. Manage risk aggressively.
Ticker: NSE:SIEMENS
🔥 Key Technical Setup:
Cup & Handle Pattern:
Cup Depth: ~1026 points
Breakout Level: 3414 (multi-touch resistance).
Golden Cross Confirmation: 50 EMA crossed above 200 EMA (bullish long-term momentum shift).
Volume & Price Confirmation:
- Entry Trigger: Close above 3414 with a strong green candle + above-average volume (min. 1.5x 20-day avg volume).
- False Breakout Filter: Volume must surge to validate breakout.
🎯 Trade Strategy:
Entry Zone: 3415–3430 (after confirmed breakout).
Stop Loss: 3169 (swing low of the handle, below key support).
Target 1: 3750
Target 2: 4170
Final Target: 4455 (cup depth projected from breakout: *3414 + 1026 = 4440–4455*).
The trade targets 4455, but reaching this level will take time—patience is key as price works through resistance at 3750 and 4170.
📉 Price Action Mantra:
“Price absorbs all noise! Trade the CHART, not the news.”
📊 Why This Works:
1. Golden Cross Amplifies Momentum: Post-crossover, rallies average +25% in trending stocks.
2. Cup & Handle Statistics: 85% success rate when volume confirms breakout.
3. Volume Divergence: Declining volume in handle + surge on breakout = institutional accumulation.
⚠️ Risk Management:
Position Size: Risk ≤1% capital per trade.
Trailing SL: Move SL to 3300 after Target 1 (3750) hit.
Partial Exit: Book 50% at 3750, 25% at 4170, hold 25% for 4455.
🧠 Psychology & Market Structure:
Resistance Levels to Watch:
3750: Profit-taking zone.
4170: Key options barrier (break = accelerated FOMO).
Support Floor: 3200–3169 (must hold to preserve structure).
Set alerts, follow volume, and let price lead the way!
📌 Disclaimer:
This is not financial advice. Past performance ≠ future results. Conduct your own due diligence. Technical analysis has limitations and may not account for black swan events. Manage risk aggressively.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.