Stock of the day : Siemens Ltd For Target Rs.4450 - Religare Broking
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SIEMENS Ltd
* Siemens has been witnessing a steady upmove and currently placed near the record high levels.
* It has witnessed a decisive breakout from the multi-month corrective phase with noticeable surge in volumes.
* Above the prior resistance zone, stock has formed fresh buying pivot holding above its short term moving average suggests prevailing trend to strengthen further.
* We thus recommend creating fresh longs in the mentioned range
BUY Siemens Ltd CMP4205.40; Range 4200-4210; SL 4080; Target 4450
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SEBI Registration number is INZ000174330
