Buy Aptech; target of Rs 210: IndiaInfoline

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Buy Aptech; target of Rs 210: IndiaInfoline

IndiaInfoline is bullish on Aptech and has recommended buy rating on the stock with a target of Rs 210, in its December 03, 2009 reports.

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IndiaInfoline is bullish on Aptech and has recommended buy rating on the stock with a target of Rs 210, in its December 03, 2009 reports.

"On the daily charts, Aptech gave an upside breakout in Wednesday's trading session. It suggests that the sideways range is about to end. On Wednesday, the stock rallied by 11% confirming the bullish set up. The daily momentum oscillators i.e. RSI and MACD are suggesting strength in the upmove. A move above Rs194-195 zone could take the stock above Rs 208 in the near term. Keeping in mind the above-mentioned observations, we suggest traders to buy the stock in the range of Rs190-195 with a stop loss placed at Rs 185 levels for target of Rs 210," says IndiaInfoline research report.

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