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...
Ester Industries Limited is engaged in the business of manufacturing of polyester films, specialty polymers and engineering plastic compounds. The Company operates through two segments: Polyester Film and Engineering Plastics. Its polyester films product line includes Special Chemical Coated Films, Isotropic Film, Heat Seal Films, Retort Film, Shrink Sleeve Film, Matte Films, White Opaque Films, Gold Films, Embossable Films, Transparent High Barrier Film, Insulation Film and Twist Films. Its polymer range includes Polybutylene Terephthalate (PBT) engineering plastics, Polyamide 6 and Polyamide 66 engineering plastics, Polyethylene Terephthalate (PET) engineering plastics, Polycarbonate (PC) engineering Plastics, Acrylonitrile Butadiene Styrene (ABS) engineering Plastics, and alloys and blends. Its specialty polyester business is engaged in manufacturing polyester chips of normal and Masterbatch grades. The Company manufactures engineering plastics under the brand name of Estoplast.
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ESTER
