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manuvsingh

ESTER |Ready for Next Leap of 50% after 10 Month Consolidation

Long
ESTER INDUSTRIES (NSE:ESTER)  
manuvsingh  
NSE:ESTER   ESTER INDUSTRIES
Support and Resistance Fibonacci Double Top or Bottom chaukhambha_charts weeklychart esterindustries doublebottomreversal goldencrossover rsidivergence fibonaccitrading packaging consolidation-breakout
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supportandresistance fibonacci doubletoporbottom chaukhambha_charts weeklychart esterindustries doublebottomreversal goldencrossover rsidivergence fibonaccitrading packaging consolidation-breakout
ESTER

10 Month Long Consolidation in range of 125-150 since April 2021.
Double Bottom (Bullish Pattern) at 50% Fibonacci Retracement of previous swing high.
Taking Support on 50Week SMA & Bouncing Back. Long Wicks Formation means Sellers unable to bring the stock down.

Accumulate b/w 136 - 120 as Stock will gain more strength above 140

Targets : 162 - 180 - 200 - 232
SL : 110

Golden Cross Over
Positive RSI Divergence in Weekly
Monthly RSI >60

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