SIEMENS Ltd Share Tips - Stock is finding strong support at current levels after selling from resistance as per technical analysis point of view. (Updated On 15th July 2014, Tuesday).

  • As per our previous report on Siemens, stock failed to close above its resistance 1003 and fell down from resistance. (Click here to see previous report on Siemens).
  • Now daily chart indicates stock is now facing strong support at current levels (trend line and fibonacci fan support around 842). As long as stock holds above it support zone will favor bulls and selling is not safe, But if stock closes below support zone (842) then further selling expecting in Siemens. Close Watch.
  • Weekly chart also indicates Siemens is trying to move up from support as shown above, Previous resistance is now acting as a major support for Siemens. This will favor bulls to move stock up from current levels.
  • Daily Chart indicates if stock moves up from current levels then will find fibonacci retracement resistance around 882, 904, 926, 945. Breaking these resistance will give some bull action by siemens.

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What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips