Sunday, 31 July 2016

{LONGTERMINVESTORS} Amtek Auto

Amtek Auto CMP 47.7  FV 2

After long time it has given BUY signal on monthly chart.

It has breached the monthly resistance of 54.2 , Dec 15 high, with 3.5 times volume that of last month.

Monthly MACD has given Buy signal.

But as monthly short term EMA is at 41.4, expect retracement up to that level.


running



The market does speak ...... we only have to listen.

Disclaimer: Investors/traders should carry out their own study and research, and exercise caution before acting on these recommendations. 
We will not be responsible for losses purportedly arising from the use of our recommendations

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