We can see that siemens has made double top on charts now.
as per the technical chart we can see that on long term chart it has taken a support at bottom now, and it has made “SYMMETRIC TRIANGLE” on chart now.
now price already moved above long term resistance line now.
it has also made rising wedge pattern on chart which having resistance at 635 level now.
with rsi development we can see that it has taken a support on trendline.
price able to make new recent top, but rsi still not coming up, so its a sign of “BULLISH DIVERGENCE” on chart now, till the time price continue its up move, rsi still having scope for up move in overbought zone now.
so as per basic technical indication we can say that if SIEMENS give close above 635 level for 1-2 trading then we can see more up move in price with 575 as sl for target of rs. 695-750 in coming days.