Nov 27, 2012, 12.26 PM | Source: Moneycontrol.com
IIFL is bullish on Siemens and has recommended buy rating on the stock with a target of Rs 700 in its November 27, 2012 research report.
, IIFL |
“Siemens has confirmed trend reversal near long term rising support line with formation of ‘Morning star’ pattern on candlestick. Such trend reversal indication has come after more than 10% correction from intermediate peak of Rs755. The RSI has managed to show a turnaround from oversold zone of 35 and which suggest that even short term pullback could take stock towards the levels of Rs720. (Duration 10 days),” says IIFL research report.
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