NSE:ESTER
Rsi >60
Macd Buy
moving average in buy
Ma cross 50/20/10
Increasing volume
Not a long trade it is completely risky based on technical so book or trail SL.
*Educational purpose*
- Excellent balance sheet, profit growth
- Despite multiple breakdowns in the index and overall markets, ESTER sustained above its support level
- Volumes in pullback are also significant
- Rather than putting money at lumpsum, prefer a staggered investment strategy.
Buy near support range (Blue color)
*Ester Industries Ltd.*
Pole & Flat Formation: Monthly Basis
Volume Accumulation & Consolidation
Multiple Resistance Levels To be Watched
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound & Improving*
Operates in the high-growth flexible plastic packaging, engineering
plastic, and high-end speciality polymer...
Short term investment idea for a month and half holding period. Undervalued stock, can also be considered to keep in your portfolio for a longer duration too.
Beautiful Price action structure.
The stock has a tendency to take deeper retracements post BO.
Watch how much volume is generated while the stock is near 50 EMA.
Poised for an up move
Chart is looking very bullish, short term as well as long term there are multiple breakouts on several indictors. It can get double from here
Target: 300+
Time Frame : 1 Year.
Long target open on weekly Chart BO above 50 Sl 34 Triple Bottom
- Promoter's stake has increased
- Company has been maintaining a healthy dividend payout of 18.62%
