After a good consolidation period the stock is ready to give breakout. one can start accumulation. Also entire IT sector is starting to move which can lead not only pump in IT stocks but also a good moment can be expected.
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup...
Ester looks like it's getting ready for an breakout, many of its peers such as Uflex, Cosmofilms have given a breakout recently. I expect the same from ester. Also financials looks healthy to me.
I am going to enter at CMP, I would be exiting only if it closes below 122.
Targets 170,180,190
I'm not SEBI registered. This analysis is purely for educational purpose....
Looks like Auto Sector set to go up
Charts suggest a good breakout of the trend
RSI trending up and >55levels
RS is also trending up, though its still negative
Wait for couple of days Auto Sector looks good
Double bottom formed in reality sector.
W pattern or double bottom formed exactly near 0.5% retracement level
Same bottom formed in 2 times..
Very bullish sign. we can go long with same keeping same low as stop loss i.e 251.
Risk reward ratio is awesome here
