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manuvsingh
Jan 31, 2022 7:28 PM

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

ESTER INDUSTRIESNSE

Description

NSE: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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