Technical Analysis of PFC and SIEMENS

Stock name: Power Finance Corporation Ltd.

Pattern: Support breakdown

Time frame: Daily

Observation:

The stock's overall trend has been upward, but recently it entered a consolidation phase, forming a triangle pattern. On 30 December 2024, the stock broke below the support line of this pattern with high trading volumes. Although it briefly retested and closed above the support, it failed to sustain the level. From 06 January 2025 onwards, the stock resumed its downward movement. According to technical analysis, if the downward momentum persists, the stock may decline further. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

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Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.

Stock name: Siemens Ltd.

Pattern: Triple top pattern and retest

Time frame: Daily

Observation:

The stock witnessed an upward trend starting November 2023 but formed a triple top pattern on the daily chart between June and December 2024. A breakdown from this pattern occurred on 30 December 2024 with high trading volumes, followed by an immediate retest of the breakdown level. Since 03 January 2025, the stock has resumed its downward movement. According to technical analysis, if the stock sustains this momentum, it may experience further declines. It's advisable to look for additional confirmations, such as RSI levels and the MACD indicator.

You may add this to your watch list to understand further price action. 

Disclaimer: This analysis is purely for educational purpose and does not contain any recommendation. Please consult your financial advisor before taking any financial decision.