Amtek India has formed a piercing pattern as shown in the image below.
RSI is also tending to become stronger as shown below.
With every downtrend the volume is decreasing which is again a good sign.
The low is almost 1 year low which is a very strong base. Going below this means there is something seriously wrong with the company.
Our short term target is 80 , with stop loss of 65.
Happy trading for the coming monday.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
The low is almost 1 year low which is a very strong base. Going below this means there is something seriously wrong with the company.
Our short term target is 80 , with stop loss of 65.
Happy trading for the coming monday.
See syllabus for Technical analysis training in Mumbai,India.
Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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