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Sep 29, 2011, 08.43 AM IST

Go long on Amtek India, says Vishal Kshatriya

Go long on Amtek India, says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.

Vishal Kshatriya, Sr Derivative & Technical Analyst

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Go long on Amtek India , says Vishal Kshatriya, Sr Derivative and Technical Analyst of Edelweiss.


Kshatriya told CNBC-TV18, "Go long on Amtek India. It has generated channel pattern breakout along with huge volumes placed on its daily charts. Momentum oscillators on daily charts have also given a buy signal. The stock continues to trade above its short term moving averages indicating positive momentum in the counter. Traders can go long at CMP for a target of Rs 145 with a stoploss at Rs 120.”


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