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.
