Prakash Gaba of prakashgaba.com told CNBC-TV18, "The basic structure of Siemens is still positive, only thing is it is in a corrective mode. Possible we could see a slide, a slide maybe to around Rs 1,018-1,020 zones. That is the place to add. A) Don’t sell, hold, and B) add."
At 15:26 hrs Siemens was quoting at Rs 1,183.00, down Rs 8.90, or 0.75 percent.
The share touched its 52-week high Rs 1,470.00 and 52-week low Rs 1,026.00 on 31 July, 2017 and 24 November, 2016, respectively.
Currently, it is trading 19.52 percent below its 52-week high and 15.3 percent above its 52-week low.
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