Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Siemens is a terrible chart. All the things that can go wrong with it have gone wrong and we have been bearish on this stock when it cracked from Rs 900 downwards."
He further added, "After a small relief rally it has given a bearish head and shoulder, a bearish triangle everything. It is probably going to crack the earlier lows of Rs 480-490 that it made. It is not only a day trade on the short side, it is probably a positional trade also." Also Read: Siemens scores top spot in Analyst's PLM Software Ranking
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