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Saturday, December 5, 2009

Buy Stocks of Amtek Auto For Short Term

Angel, stock trading broker, has advised traders to buy stocks of Amtek Auto for target of Rs 218 in short term time frame.

Amtek Auto has given a trendline breakout at Rs 194 with rising volumes on the daily chart. Further, RSI and Stochastic oscillators have given a positive crossover. This suggests further upside. Traders can buy this stock at current levels or declines upto Rs 192 with stoploss of Rs 188 for a target of Rs 218 in 5 – 8 trading sessions.

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