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2026-08-10 12:59:11 pm | Source: Motilal Oswal Wealth Mangement
Monthly Ideas : Siemens Ltd and Shriram Finance Ltd by Motilal Oswal Wealth Mangement
Monthly Ideas : Siemens Ltd and Shriram Finance Ltd by Motilal Oswal Wealth Mangement

SIEMENS LTD

Buy Siemens Ltd CMP: Rs 3952 Buy Range: Rs 3900 - 3950  Target: Rs 4500 Stop Loss: Rs 3600

• Siemens has witnessed a decisive breakout from a prolonged consolidation phase, signaling the resumption of its primary uptrend. The stock has successfully reclaimed its all-time high zone after nearly two years, highlighting a significant improvement in long-term price strength.

• The technical setup remains firmly constructive, with the stock trading comfortably above its 20-day, 50-day and 200-day DEMA, indicating strength across short, medium and long-term timeframes. Momentum indicators also support the bullish outlook, as the RSI continues to trend higher wit

 

SHRIRAM FINANCE LTD

Buy Shriram Finance Ltd CMP: Rs 1140 Buy Range: Rs 1120 - 1140 Target: Rs 1260 Stop Loss: Rs 1070

• Shriram Finance is approaching a key technical inflection point after consolidating within a broad multimonth range. The stock is on the verge of completing a Cup and Handle formation, one of the most reliable continuation patterns in technical analysis.

• The immediate resistance around Rs 1100 remains the level to watch. A decisive breakout and sustained close above this zone could trigger fresh momentum buying and mark the beginning of the next leg of the uptrend. The RSI continues to exhibit a positive bias, reflecting strengthening momentum and improving buying interest.

 

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