🔎 Siemens Update (CMP ₹3,313, +0.6% today)

Siemens continued its positive momentum today, adding to yesterday’s strong breakout move. The stock is sustaining above the crucial ₹3,200–3,220 zone, signaling follow-through buying interest. 🔹 Technical Update Price closed near day’s high, holding above short-term EMAs – showing strength. RSI has climbed to 63.5, indicating improving momentum but still below the overbought zone. Immediate support: ₹3,170–3,210, Resistance: ₹3,350–3,400. A decisive close above ₹3,350 can trigger the next leg toward ₹3,500+. 🔹 Market Context Capital goods and infra stocks remain in focus amid strong government capex spending. Siemens is well-positioned with its automation, mobility, and electrification portfolio, making it a structural beneficiary. ⚖️ Conclusion The breakout is seeing healthy follow-up buying with rising volumes. Traders should track ₹3,350 as the key hurdle, while long-term investors can continue to ride India’s infra + clean energy story through Siemens.