Chart Check: Siemens hit fresh record high in April: should you buy, sell or hold?

Experts suggest that Siemens stock, which hit a new record high of Rs 3,481 on 27 April 2023, is expected to surpassRs 3,600 levels in the short term. The stock is trading well above most short and long-term moving averages and showing an overall uptrend on the monthly scale. In addition, it may give a breakout from a rising channel pattern which would further boost the stock. Traders are advised to buy the stock at current levels, keeping a stop loss below Rs 3,333, for an upside move towards Rs 3,650 zones in the next 3-4 weeks.