Emco Limited
-> The stock has made a good rounding pattern and can be on verge of a major breakout and momentum move on sustaining above 42-42.5.
-> on the daily charts about to cross the resistance at 41.
-> Buy at 40-41 stoploss 38 and a short term target price of 46-48 but can do a long term target of 65-70.
Disclosure – Recommended to clients at 40-41
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Nooresh Merani
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