SIEMENS has maintained a strong multi-year bullish trend since its 2009 low of ₹97.36, consistently respecting a well-anchored ascending channel. After a major rally peaking at ₹4,164.15, price is now reacting to a major supply zone, showing initial signs of distribution.
We should monitor a potential retracement towards the ₹1,400.95 re-accumulation zone, which aligns with the historical demand area and the lower boundary of the long-term trendline. This confluence may provide a high-probability re-entry point for long-term investors seeking continuation exposure.
As long as the macro structure holds above the trendline, the long-term bullish thesis remains intact. A failure below the re-accumulation zone would signal a significant structural shift.
We should monitor a potential retracement towards the ₹1,400.95 re-accumulation zone, which aligns with the historical demand area and the lower boundary of the long-term trendline. This confluence may provide a high-probability re-entry point for long-term investors seeking continuation exposure.
As long as the macro structure holds above the trendline, the long-term bullish thesis remains intact. A failure below the re-accumulation zone would signal a significant structural shift.
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📢Follow the official links only! Trade smart, stay safe! 🎯
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
Telegram: t.me/+m0IACMn0ul03OTFk
Forex zone: t.me/+piiPgrNtrulkNDk0
💎 Premium details: t.me/wcsepayment
📩 Promotion/Partnership: t.me/WESLAD
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.