IL&FS engg -Rs.66 is consolidating around 200 day EMA for last five months.It has formed a good base for further movement from current levels. The margin of safety is very high as we can put stop loss at 200 day EMA which happens to be around 53 levels. Fundamentally the company is not performing very well to consider the same. But generally technicals move first then the fundamentals improve propelling the price.Stop Loss below 200 day EMA.

May all be peacefull and Happy

M.Mahiidar

Enjoying Life

Trend is Friend.