buy AMTEK AUTO in a range of 160-170 sl 130 on closing basis, target 220-270-330
technical chart study
as per technical chart we can see that amtek auto has given a good move in last 2-3 month, previously we had given a same thing to buy at 100 level, so its 1st move or 1st level is completed. now stock has enterinto 2nd stage.
as we can see that stock able to move above its current resistance level, even it bounce on every support also.
with rsi it showing a “BULLISH NEGATIVE DIVERGENCE” as rsi is in overbought region now, but with the stock performance we can expect a consolidation and bounce expected to see on charts.
so buy the buy the stock in inform range or near to sl level also if get chance before reaching to targets, and hold it with inform support level on clsoing basis, calculate stop loss risk and then only decide your qty. and wait for a momentum in stock.