Wednesday, November 22, 2006

Siemens Impulse


Siemens entry advised near 1156 (abc setup+siemens ag was up) then btst 1202 (day high break). See insiders always know :).
Siemens ag was up 2 days ago for a reason.

Intraday some crazy news came Rs 40 billion order and siemens went impulsive doing the upper channel target of 1352.
if 1362 can be sustained (wider t2) then 1416 and 1576 are valid.
Confluence resistance seems to be in 1567 region for a dual t3. look to short there whenever siemens get there. until then look to follow this trend rather than fade it.
Breakout level is 1292 can get retested if 1362 holds.

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