The share has given breakout in 3 hours time frame and closed above its previous resistance too, since 3rd Oct the share price have-not closed above the trendline. But on 23rd Nov it closed above the trendline and now trying to sustain above it.
The share price of siemens able to close above 200 EMA in 3 hour time frame after 2 months, It was trading below since 22 Sep. If it keeps the uptrend movement it could touch 3960 – 3970 level which it touched 3 time previously and then gave fall from that level.
Fundamental of Siemens Share
The market cap of Siemens India is 1.29 lakh crores, the company has more than 6000 crores of cash reserves and there is no debt on the company as per ticker by finology. Promoters are holding 75% share of the company which is a good sign and they haven’t pledge any shares. Net sales of the company is more than pre covid time and profit is also increased decently.
IMPORTANT NOTE – I am not a SEBI registered financial advisor and my all share research is only for educational purpose. Please take advice from your financial advisor before buying any stocks. I may or may not hold the stocks which I share on my website, if I hold the stocks I could sell them tomorrow or keep them for 10-20 years, it is totally depend on my risk taking ability.
Updated on 18th December 2023
Siemens today made a high of 4245 and then closes at 4139.25, I updated my analysis at a nearby level of 3620 on 25th November. It gives one way upward move of approximately 17% in 23 days, in which one can capture 13-15% easily.
