ESTER INDUSTRIES

NSE

ESTER

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...

On weekly chart, BO from falling wedge followed by a rectangular consolidation. Above 70, stock can do 90 if markets support. SL:62

CCI (W) > 100 TGC True Target/Resistence 73.8 SL: 59 TGC with strength Forming Highest High for the week if closes with strength

CCI (W) > 100 TGC True Target/Resistence 73.8 SL: 59

Ester Stock has given a good Breakout on weekly Charts. Keep an eye Small Resistance at 55 Buy dips till 45 Target 70+

Falling Wedge Pattern

Small breakout, wait for previous highs to cross for confirmation