Thursday, 17 September 2009

Amtek Auto has target of Rs 225-230: Bose

Amtek Auto has a target of Rs 225-230 or even Rs 237, says Technical Analyst, Rajat K Bose.

Bose told CNBC-TV18, "Amtek Auto was in technical parlance on the bar chart, it was showing a pennant like formation, sort of a triangle. It was a continuation pattern. I haven’t seen it today but since you said it’s performed well, so there is an upside breakout. The technical target that I can give is that it can have a good upside once this Rs 210 is decisively crossed. Above that the target becomes Rs 225-230 or even Rs 237."

Source: Moneycontrol

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