Published on 6/07/2020 3:19:13 PM | Source: Motilal Oswal Financial Services Ltd

Buy Siemens Ltd For Target Rs.1300 - Motilal Oswal

Posted in Broking Firm Views - Short Term Report| #Siemens Ltd #Trading Report #Motilal Oswal Financial Services Ltd

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* Consolidation phase of last three months has resulted into formation of a Symmetrical Triangle pattern on daily chart

* We witnessed a pattern breakout with noticeable volumes, which is a positive sign for the stock

* Momentum oscillator RSI is placed positively on both daily and weekly scale

* Looking at above technical evidences, we expect the stock to move towards 1300 mark

* Hence, traders are advised to buy the stock in the range of 1130 - 1150 zones with stop-loss of 1080 levels

Buy Siemens Ltd @ 1130 – 1150 CMP 1149 Target 1300  SL 1080


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