Ester is showing Strong support at Rs 37Trading At a Crucial Price Range . if brakes upward we can see RS 50 mark
ESTER trade ideas
bought few. @43. not looking bad for 76 in quick time.Disclaimer:I am NOT SEBI registered. THE OPINION GIVEN OR THE CHARTS PRODUCED HERE ARE FOR MY PERSONAL REFERENCE ONLY AND THEY ARE NOT ANY BUY OR SELL RECOMMENDATIONS. Kindly consult your investment advisor and family members before investing.
Watch for trend change - EsterTechnical :
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.
Rectangular consolidation breakoutOn weekly chart, BO from falling wedge followed by a rectangular consolidation. Above 70, stock can do 90 if markets support. SL:62
#ESTERCCI (W) > 100
TGC True
Target/Resistence 73.8
SL: 59
TGC with strength
Forming Highest High for the week if closes with strength
ESTEREster
Stock has given a good Breakout on weekly Charts.
Keep an eye
Small Resistance at 55
Buy dips till 45
Target 70+
