Siemens can test Rs 850-855: Thacker

Siemens can test Rs 850-855, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "Siemens is one stock, which is doing very well in comparison with the market. It basically consolidated when the entire markets over the last two months went through some kind of a correction." He further added, "Siemens is looking in the short-term uptrend, I think it could easily retest its recent highs and 52 week highs of about Rs 850-855 and probably even break those levels and go higher than that. So atleast I would probably play on the long side with targets of Rs 850-855 and the stop loss would be just below Rs 800."