Long with a very profitable risk reward setup
Ester Industries has moved significantly in the past 1 year, It has been trading in a range for the part few days. Expecting the stock to resume the uptrend. Buy with a SL below the highlighted zone on closing basis.
Educational purpose only do your own analysis
ester weekly chart @117.10 target 200 short term 3-5 month
✔buy @ 100-106 range✔ 🎯short term trgt 122-150-200 🎯long term 300-400++ 💰better managment ✌️superb numbers publsihed 🧾Net Sales at Rs 255.65 crore in December 2020 up 3.78% from Rs. 246.34 crore in December 2019. 🧾Quarterly Net Profit at Rs. 32.90 crore in December 2020 up 69.65% from Rs. 19.39 crore in December 2019. 🧾EBITDA stands at Rs. 57.59 crore in...
ester industries, retest after breakout completed, now trgts open for medium term = 166 and long term =90% = 220
Ester Industries for Long Term !! Here is the Price We are getting for Accumulation for long term. Dnt loose ur Chance to Buy some here. NSE:ESTER
- Weekly Breakout - Retest - Medium-long term investment candidate
119-128 is a crucial range and if it is crossed by February '21, it will move up progressively, having no hindrance ahead.
> for 155/161 once price past 137 it might touch the above level with lighting speed.
After a 122% Move in Last 10 weeks and a 259% move from its 52 Week low. Ester went in to a 4 Week Consolidation which is generally a good sign, Post Breaking out of this Base on 16th September it reversed and came down for 2 Weeks and then came the breakout again on 5th October which was stronger than the first one as the weaker hands were out after the first...
long only if daily closing above 105
Hourly TF Wave 5 Sub Wave 5 CMP 65.25 BUY AROUND 63-67 SL 59.70 TGT 75+
Trading At a Crucial Price Range . if brakes upward we can see RS 50 mark
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.
On closing above 54 would see the good upside
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...