Expected Direction for this month on Siemens India
if breaks resistance zone another 100 points upside rally can be expected for bull trap (this is what generally markets do )and back to support zone mentioned .
This stock has broken upside from approx 18 months of consolidation , hence may keep consolidating in between support and resistance zone
any negative break or continuous trade for more than 1 week below support zone if happens need to be re-analyzed :)
if breaks resistance zone another 100 points upside rally can be expected for bull trap (this is what generally markets do )and back to support zone mentioned .
This stock has broken upside from approx 18 months of consolidation , hence may keep consolidating in between support and resistance zone
any negative break or continuous trade for more than 1 week below support zone if happens need to be re-analyzed :)