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Siemens Energy India Ltd 

BUY 27 OCT 3100 PUT SELL 27 OCT 2900 PUT Entry Range 50 – 55 Target 150 Stop Loss 20

Rationale

• On the daily chart, ENRIN witnessed strong selling pressure in the latest session, with the stock prices face4s rejection near its falling trendline resistance, indicating a weakening near-term trend. The sharp bearish candle reflects renewed selling interest at higher levels.

• From a technical perspective, the stock continues to trade within a descending channel, maintaining a bearish structure. The recent decline below the 20-DEMA as well as the 50-DEMA signals increasing downside pressure

• The RSI has slipped towards 40, indicating weakening momentum, while the MACD remains subdued, suggesting limited bullish strength and a cautious outlook. On the downside, immediate support lies around 2,900, while resistance is placed near 3,230-3,270, favouring a sell-on-rise strategy.

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SEBI Registration number is INZ00017433