Avoid Siemens: Sukhani

Sudarshan Sukhani, s2analytics.com advises to avoid Siemens at current levels.

Sukhani told CNBC-TV18, “Siemens is a complete avoid. Since the investor has a personal view on Siemens, let him hold on to what he already has.”
 
He further added, “My suggestion is, if the price of Siemens goes above his cost price which is about Rs 650, only then he should consider adding. He should add only when this stock is making money, not when it is losing money day after day. This is not a good chart, it’s a horrible chart. Long term prospects on the charts itself are not very conducive so please do not add.”