MURUGAVEL

AMTEKAUTO   (64.35) - Most of the times and most of the stocks break out pattern give the desired results but some times and some stocks give the negative results . this stock is one of the classical example for break out failure. If  the break out attempt failed , result will be the Carnage. That is what happened in this stock in this week. Of course this is a Post-mortem report .  In every failure , we can learn lot and this is one more learning... *** The following chart speaks every thing  Everything means everything.  (click the chart to get the zoom view)

CASTEXTECH (236)  -   Posted on 25th May and said target and top out 230-240 ,when it was trading at 154 , even though, that time, it came from the low of 40 to 154, that to non-stop, But the top out target attacked yesterday , yesterday it was upper freeze at 236. now the thing is  AMTEKAUTO   (159) have three listed subsidiary ( holding % in bracket) that includes CASTEXTECH   (71%) ,   JMTAUTO  (72%)  and  METALFORGE  (49%)  as on 30th June 2015 the followings are the total market capital value  and its % holding value of its subsidary CASTEXTECH  -- 6569 cr -   & 4670  Cr JMTAUTO ---  1270 cr  &  914  Cr METALFORG --  460 cr  &  225  Cr so total holding value  5809  Cr. whereas AMTEKAUTO value as on 30th June --  3507 Cr  that means , at present, as on 30th June C...

AMTEKAUTO   (150.75) -   It seems bottom formed  So now the support level 140--155 If hold this level , ready for up move ** In case trade and stays below above mentioned support, then the ULTIMATE DOWN SIDE target 74---67

AMTEKAUTO  (180) - Posted on 09th Dec. as " Below 205-215 down side target 190--180" After this post, it made high 213 on 10th Dec. and yesterday it attacked the mentioned down side target (made lowest low 176.55 and closed at 180) Now what next ?  Support 180-175 But below that next down side target 162-158

AMTEKAUTO  (203) -  Below 205-215 down side target 190--180

AMTEKAUTO  (215) -   see the post dated 02nd June. Support 215-205 Above that upside target 245-255

AMTEKAUTO (194) -  Support 190-185 and Resistance 205-210 Above that next target and last Hurdle 240--250 In case trade and stays above 240-250,  then ready for big up move  ULTIMATE UPSIDE TARGET 420--440

AMTEKAUTO (83.75) - Support 83.50_80 above that upside target  94-96 and afterwards  106-109