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Published on 28/11/2019 9:46:51 AM | Source: Religare Securities Ltd

Buy Siemens Ltd For Target Rs.1560 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Capital Goods Sector #Siemens Ltd #Trading Report #Religare Securities Ltd

Siemens Limited (SIEMENS)

SIEMENS has retraced considerable from its record high and reached closer to the support zone of medium term moving average (100 EMA) on the daily chart. Considering its chart pattern, we expect marginal consolidation, followed by steady rebound ahead. We advise accumulating fresh longs in the mentioned zone.


Recommendation

BUY SIEMENS CMP  1474.25 Between  1460-1470 Stop Loss 1420 Target 1560

 

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