Sunil Hitech Engineers-Rs.159/- the stock seems to have consolidated over last four to five months and just started to move up. On Friday it made a 52 week high which is an indication that it has started to move up from current levels. The stock has move below 200 month EMA in November 2010 and post that it moved above the same in June 2014 then came back too support at it again in august 2014 and then stated to move up and make a 52 week high. This is perfect technical set up also it has give us a good support level and for us Stop loss at 200 month EMA and also the margin of safety is high. Fundamentally also the company is performing very very well. I has a TTM EPS of 22 which is indicating that the stock is quoting below PE of 10. during the last four years also its EPS has never gone below 20 which is clearly indicating that the company is a consistent performer. The stock seems to has just started its upward journey and we can expect the stock to return 50% from current levels. The stop loss should never be forgotten as we have to protect our capital.

May all be peacefull and Happy.

M.Mahiidar

Enjoying Life

Trend is friend.