Buy Siemens at 720 for target of 755 to 760: Sandeep Wagle

Sandeep Wagle, Founder & MD, APTART Technical Advisory Services, www.aptartindia.com in an interview with ET Now talks about Siemens.

Siemens on the charts - do you recommend buying into this stock?

Siemens at 720 would be a good buy for a target of somewhere around 755 to 760. Why I am saying 720 is that we are sure that the market has bottomed out and the Nifty is on its way up. If you buy in now with the Nifty falling, it may come down. So it is better to buy it once it breaks 720 and then target a move of Rs 40-45 upside.