EMCO ltd- Rs.43/- has moved above 200 week EMA for the first time after july 2008 ( more that six years)which is a very good sign as far as bulls are concerned. Generally these long term breaks generally signal change in trend in the concerned stock. 200 month EMA is at 52, any move above 52 would certainly indicate bullishness in the stock. The stock moved above 200 week EMA and has been consolidating around that levels for last six months and now seems to have just starting the move giving a good margin of safety for the stock.The volumes are also suggesting that interest is coming into the stock. The fundamentals are not much as on date but has turned positive in the last few quarters. So its a good technical buy with good margin of safety.

May all be happy and Peacefull

M.Mahiidar

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