Amtek India: Rs.76/-

Amtek india stock is a strong technical buy, it has moved above the 200 week EMA with huge volumes and then it retraced back to 200 week and is just about to move up so its a good technical buy. fundamentally also the company has been working good for last few years and its financial are improving.Recently the group has acquired some europian companies which in future would improve its financials. So a good buy technically and also improving fundamentals.stop Loss Rs.70/- so margin of safety is very high. it appears that we might soon see 52 week high and also all time high so we can expect nearly doubling from current levels.

M.MahidaRSri
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