Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Siemens is a terrible chart. We have been bearish on it since it fell from Rs 900. There was a sharp rally towards Rs 600 and then it stopped and eventually it started the decline again. Siemens is on the verge of breaking down from a significant support level and looking towards Rs 470 again."
The share touched its 52-week high Rs 749.95 and 52-week low Rs 467.00 on 04 October, 2012 and 10 April, 2013, respectively. Currently, it is trading 30.1 percent below its 52-week high and 12.26 percent above its 52-week low. Market capitalisation stands at Rs 18,636.81 crore.
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