Buy Esther for a target of 170Buy Esther for a target of 170 in 2-3 months, can be added to portfolio for higher returns in 1-2 year
ESTER trade ideas
ESTER INDUSTRIES READY FOR A NEXT MOVE!Base formation in Ester Industries
Buy Ester @ CMP - 125.10
TGT - 150-180-210
ESTER : Breakout Candidate#Ester #breakout #momentumstock #Trendingstock #lowriskhighrewardtrade
ESTER : (1-3 Months)
>> Breakout Candidate
>> Massive Volumes Buildup
>> Trending Stock
>> Momentum Building up
>> Low Risk High Reward Trade
Swing traders can lock profit at 10% and keep trailing
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Disclaimer : This is not a Trade Recommendations & Charts/ stocks Mentioned are for Learning/Educational Purpose. Do your Own Analysis before Taking positions.
Amazing swing trading idea for 28 Feb markets I daily make educational content videos for swing / positional trading
Ester-Great Risk RewardEster is a beaten down stock and is offering great R:R. Can move till 200 levels.
Risky stock so whosoever is buying, quantities should be controlled.
Bottom Fishing EsterBullish view if it will close above 97 for 1 day.
Target : 99.90, 105, 111+
SL : 92.50
This is for short Term view.
88.80 to 86.40 if correction would be come then it will be in great demand zone.
Accumulate it at there and hold with Stop Loss : 82.
And Target for this set up will be 134+
Good Risk reward ratio at there.
This is mid term view.
Risk is yours and Reward is too yours totally.
Resistance Trendline will be broken if 97 above it will be traded. So, It will make uptrend formations and this will give bottom price buying.
But money management and positive psychology is necessary to have for invest in this trade
ESTER - Ichimoku Bullish Breakout Stock Name - Ester Industries Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 190.
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
# Cloud Trading
# Ichimoku Cloud
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#Ester- Solid breakoutExpertise in Industries Limited is into manufacturing Polyester Films, Polyster Chips, Specialty Polymers and Engineering Plastic compounds.
The company serves varying markets like food packaging, processed food, fresh food, food on the go, shelf stable, ready to eat, liquids, beverage packaging, beverage packaging, home and personal care, industrial packaging, constructions, automotive, optical fibre cable.
Polyester Films (67% of FY22 revenue)
Engineering Plastics (21% of FY22 revenue)
Speciality polymers (12% of FY22 revenue)
The stock can touch 200+ levels in time to come
Ester Industries: Range breakout of 7 daysEster industries is looking good for short term. Seems stock is getting ready for 160 -62. Keep on radar
ESTER #ESTER (D):- CMP 175.55 Looks Good For More Upsides :)
#Disclaimer:- View shared is for educational purposes only. Conduct your due diligence before making any trading/investment decisions.
Ester Breakout after Rating Updates 1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula:- Stop Loss Amount/(Buy Price-Initial Stop Loss Price)
4. Sell on initial stop loss hit or daily RSI closing below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three weeks or less
b. Weekly tailing tops with high volume
c. Exhaustion gaps
d. Heavy daily volume without further upside
e. Largest one day price drop
After a consolidation since May 2021, NSE:ESTER has given a high volume breakout today. Buy with a stop at Rs.151.
Other fundamentals:
1. In the first nine months of fiscal 2022, the company generated revenue of Rs 1,018 crore with operating margin of 17.7%, against Rs 696 crore and 25.3%, respectively, in the corresponding period of the previous fiscal. High operating margins during last fiscal has now been normalized in current fiscal. Improvement in operating performance is driven by continuation of favourable demand-supply dynamics in the packaging films business and maturing of products.
2. The engineering plastics and specialty polymers segments have also seen healthy improvement in demand over the past nine months. Therefore, despite the expected decline of margin in packaging films business, the overall operating profit before depreciation, interest and tax (OPBDIT) margin of EIL is expected to sustain around 15% over the medium term, benefitting from a diverse product portfolio.
3. Product mix and diversification should improve as the company is adding capacities of value-added products, specialty polymers and engineering plastics for capital expenditure (capex) of Rs 225 crore, which is likely to be completed in fiscal 2023. Furthermore, revenue of the packaging films business is expected to improve with the new greenfield BOPET (biaxially-oriented polyethylene terephthalate) line (48,000 tonne per annum in Telangana) expected to be commissioned by October 2022. The progress of the project will remain a monitorable.
4. Average Roe for last three and five years above 15%.
5. Five year CAGR sales growth at 5% and profit growth at 93%.
6. Company has been maintaining a healthy dividend payout of 18.11%.
7. Debt to equity at 0.39 (less than 1 is good), Interest Coverage at 9.54 (greater than 3 is good), Current ratio at 2.05 (greater than 1.5 is good), FCF to CFO at 59%.
ESTER Flag & Pole pattern formNSE:ESTER BSE:ESTER
Time Frame – Weekly Chart
Technical Observations -
1) Price is sustaining above 108 after giving breakout above last All Time high of 108
2) Now form Flag & Pole pattern and pattern Breakout is above 165
3) Trading in flag range now 100-165
4) RSI trendline is already break
5) Positive RSI divergence seen
Resistance – 197/228/262
Support zone – 100-110
DISCLAIMER : I AM NOT SEBI REGISTERED ANALYST. ALL POSTS ARE FOR EDUCATIONAL PURPOSE ONLY. I AM NOT RESPONSIBLE FOR YOUR ANY LOSS OR PROFIT. CONSULT YOUR ADVISER BEFORE TAKING ANY TRADE. I HELP PEOPLE TO LEARN TECHNICAL ANALYSIS & CHARTS READING.
Expecting Breakout ✌✌✌This scrip is expected to give breakout in the coming days. So traders keep on your radar to catch the momentum. Thanks to all 🙏🙏🙏🙏
ESTERDISCLAIMER: Iam not a sebi registered, take your financial advisor for buy sell recommendation, this is educational purpose only.
ESTER 1dtfLook like upward opportunity and wait for tomorrow closing and close above 138.5 means gud for entry and accumulate up to 126 and if close below it may trend changes
ESTER |Ready for Next Leap of 50% after 10 Month Consolidation 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
Buy Ester IndustryAccording to chart anylasis its give a breakout weekly basis buy @cmp price for target 150++
Ester Industries is getting ready for an up moveEster 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. I am not responsible for your profit or loss.
Thank you
Pinnacle Trades.
Ester Uptrend confirmation with higher high and higher lows
Micro trend pull back completed .
According to volume profile strong resistance @ 143.3
If price sustains or open above 143.5 buy for high as target ,
Swing low as Stop loss
Easter On trend Line with Retest on its Strong Support Do your Own Analysis before investing in my idea.
this is only for educational purpose
