nifty4money

Watch for trend change - Ester

Long
NSE:ESTER   ESTER INDUSTRIES
Technical :
RSI - Oversold
MACD - Possible curve in coming days
Current price far lower than 10/20/50 days SMA . Generally price trend to close gap with SMAs in certain period. Either SMAs should come down OR price should go up.

I will better watch for price action and enter once I see MACD giving right signal. Company results are scheduled on tomorrow so also check for no bad news before entering.

Comment: Successful trend change. Should give atleast 20-30% rise.
Comment: 56 to 64 -> 15% rise done.

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