Easun Royal :- Rs.81

Easun Royal has broken above 200 week EMA and has consolidating above it for last four weeks and volumes are also increasing indicating that we are in for a good up move in the stock. as the stock is just above 200 week EMA the margin of safety is very high. Fundamentally the company is not performing well but the stock is into engineering sector with infra focus so has all possible chances of moving up from current levels. Stop loss Rs.70/-