Above Rs 870, more headroom in Siemens: Kulkarni

Above Rs 870, more headroom in Siemens, says Shardul Kulkarni from Angel Broking.

Kulkarni told CNBC-TV18, "There is lot of news flow in case of Siemens. The stock is up 17% in a single trading session. It is very difficult to analyze on the carts as of now. But let the chart pan out in couple of trading sessions only then one can take a call." He further added, "Overall the weekly chart structure is quite good. Considering that particular structure I would say that above Rs 870, I think you will see accelerated upwards momentum in this particular counter." Disclosure: It is safe to assume that we may have the above stock in our portfolios and we have recommended them to our clients.