The scrip has moved down from Rs 264 and in the last few sessions has been testing the bottom at Rs 204. On Thursday, it posted a high of Rs 213.50. It also closed Rs 0.50 higher than the previous close.

The daily stochastic has signalled a buy. The scrip is ideal for both the short term and long term investors. Siemens has been reportedly sought after for the profit it can derive from it software division. Mahindra & Mahindra is the same story.

One can buy into Siemens. With the improvement in market sentiment, the scrip can take a strident move northwards, especially on Monday.