After a prolonged correction from ₹3,400+ to ₹2,117, Siemens Energy India has staged a strong technical rebound, reclaiming multiple intermediate levels in a short span of time.
Today’s price action shows continuation strength, with price pressing into the ₹2,885 zone — a level that earlier acted as a breakdown trigger.
What I observe on the chart-
Clear V-shaped recovery from major demand (₹2,100 zone)
Strong bullish momentum candles with minimal pullbacks
Reclaim of ₹2,650 (structure base)
Price now testing a supply / structure flip zone near ₹2,885–₹3,080
This is not just a bounce anymore — this is a retest of a prior breakdown area.
Why this zone matters now ₹2,885–₹3,080 is:
✔ Previous support turned resistance
✔ Area of heavy supply during the fall
✔ Structural pivot for medium-term trend shift
My professional view (pure price action)-
If price sustains above ₹2,900–₹3,000 with acceptance and volume support, this can mark the beginning of a medium-term structure reversal.
However, failure here may lead to consolidation after a sharp 30–35% recovery from lows.
This is a high-decision zone — and the reaction here will define the next swing.
👉 Detailed levels & follow-ups: https://t.me/Umang_Bhutada
Disclaimer: I am a SEBI Registered Research Analyst. The views shared are for educational and informational purposes only and should not be considered as investment advice. Please consult your financial advisor before making any investment decisions.