Technical Analysis of Siemens Ltd:
Technical Analysis of Siemens Ltd
SIEMENS INDIA LTD: The technical looks that the major trend is bearish, and I short-term price also trending into downside, following downtrend channel, and currently resting near to support zone of the channel and also taking support at 600EMA in the weekly chart. Recent results to be found attractive and peer comparisons look attractive.
The technical looks that in the monthly chart the price following the uptrend trend line which supports to be found near to 4 years low fib 0.618% will be there, which might be possible great support for this stock.
That will be the Technical Analysis of Siemens Ltd
BEST MID CAP FOR LONG TERM
FOR SHORT TERM: AVOID OR SELL (3 to 6 MONTH)
FOR LONG TERM: BUY (3-5 YEAR)