On daily chart, stock of Amtek auto has been correcting since last two years and now trading near its year low. Stock had bounced back from Rs 70 in the month of December 2012 to 94 after making new low. From Rs 94 it corrected again and now trading near same 70 levels. Expectation is that stock may hold the level as it may act as a support downside. Stock can be accumulated at CMP (72.1) and in every dip till 69 for the short term 82.
Stop loss at 66 recommended.
