Go long on Amtek India, says Vishal Kshatriya

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.