Emco

Investors with medium term perspective can consider buying the stock of Emco. since the multi year low recorded at Rs 26 in March. the stock has been intermediate term uptrend. after recording a 52 week high of Rs 106, the stock medium term support at Rs 85. it is currently trading well above 50 days moving average. we think that Emco has the prospect to trend up to Rs 129 in the medium term. investors with medium term horizon can accumulate while maintaining Rs 70 as stop loss. short term investors can buy with a Target of Rs 114 and Rs 92 as stop.