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Enter in Aftek at Rs 80-85: Mohindar
Rahul Mohindar of Viratechindia is of the view that one can enter in Aftek between Rs 80-85 with a stoploss of Rs 77. In the longer-term the stock has first resistance level at about Rs 96 and once it clear Rs 96 it could even go to about Rs 112. So if you have a timeframe of nine to twelve months try and invest into the stock.
Rahul Mohindar of Viratechindia is of the view that one can enter in Aftek between Rs 80-85 with a stoploss of Rs 77. In the longer-term the stock has first resistance level at about Rs 96 and once it clear Rs 96 it could even go to about Rs 112. So if you have a timeframe of nine to twelve months try and invest into the stock.
Mohindar told CNBC-TV18, "In the short-term as well as long-term Aftek can go much higher. On the downside if the stock comes somewhere between Rs 80-85 mark I think it is in a window where you could definitely consider getting into the stock with a stoploss at about Rs 77. In the longer-term the stock first to all knocking at a resistance level at about Rs 96 and once it steers clear Rs 96 it could even go to about Rs 112. So if you have a timeframe of nine to twelve months try and invest into the stock between Rs 80-85 with Rs 77 stoploss."
Disclosures: Analyst doesn't hold the above stock.
