Category Archives: Falling Wedge

Siemens Ltd – Technical Analysis

Siemens Ltd Weekly Chart

Siemens Ltd Weekly Chart

Siemens Ltd Daily Chart

Siemens Ltd Daily Chart

This week, we are covering Siemens Ltd in our Stock”O”Week series.

Since from Aug 2011 Siemens Ltd is correcting from the highs of 950 and consistently making lower high, lower low, which signifies underlying weakness in the stock. As this stock was darling few years back to major investor community and now it lost the charm.

Technically speaking, stock is moving under major corrective C wave, but as such internals are not very obvious where we can firmly say that where and when correction can complete and fresh impulse wave will start. So it is better go by some simple tools.

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Nifty Weekly Technical Analysis for 22nd July, 2013

Nifty Weekly  Chart

Nifty Weekly Chart

Nifty Daily Chart

Nifty Daily Chart

Market is Supreme…

Whatever we say is less to explain last week’s market action. It was nothing less than a movie, with all colors of thrill, fear, hope and greed. It was really challenging week for any trader, in fact let us put it this way, past all three weeks of July passed on with big surprises. Trader has a big fear to lose money in the market, but greed makes him drive to trade, and even though he/she is right on way, market has a capacity to prove them wrong. Exactly, what happened in last week.

To read further Download or Click Here..

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