ESTER - BuyStock has restested the BO zone on a low volume and ready to make new high. Buy with a SL below 137.
ESTER trade ideas
Retest of Demand - Good trade location for EsterFairly clear in the chart - The stock is now retesting the prior resistance with a low volumes pullback, One can go long with a SL of 123 on a closing basis.
Good luck!
Ester Industries Ltd.- UP-FLAG on WEEKLY chartEster Industries Ltd. was in a prolonged consolidation of almost 6 months. This consolidation was preceded by an up-rally. This price behaviour has formed the price pattern called Up-Flag on the weekly chart of this counter. The price gave the upward breakout on weekly chart for the week started on 26th April and ended on 30th April 2021. This weekly breakout candle closed at Rs. 146.40 with massive volume support. I anticipate the price target of Rs. 210 and suggest the stop loss at Rs.133 to be followed on the first four weekly candle succeeding the breakout candle. Thereafter, the profit booking/ exit decision should be based on achievement of the price target or downward crossover of 26 EMA by 5 EMA whichever happens earlier.
NOTE: This idea is an attempt to predict future price movements. Investment decision based on this idea, if any, shall be at the sole risk of the investor.
ESTER - BuyEster 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.
ESTER IND for Long & Short Term✔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 December 2020 up 28.52% from Rs. 44.81 crore in December 2019.
🧾Ester Ind EPS has increased to Rs. 3.95 in December 2020 from Rs. 2.33 in December 2019.
👌super growth company
🙏study then invest
🙌Ester manufactures Polyester Films, Specialty Polymers and Engineering Plastic compounds. Polyester Films find applications primarily in flexible packaging while Specialty Polymers find applications into niche areas including rigid packaging, textiles etc. The Engineering Plastics business processes various materials for industries like Automotive, Electrical & Electronics, Appliances and Telecom.
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ESTER INDUSTRIES, retest after breakout done, trgts 166 & 220ester industries, retest after breakout completed, now trgts open for medium term = 166 and long term =90% = 220
Ester Industries for Long Term !!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
In the crucial range119-128 is a crucial range and if it is crossed by February '21, it will move up progressively, having no hindrance ahead.
Could fire above 137> for 155/161
once price past 137 it might touch the above level with lighting speed.
4 to 8 weeks Breakout + ShakeoutAfter 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 failed BO. Technically Entry on the first breakout may have resulted in being stopped out but as they say you should never stop watching a stock immediately after being stopped out of it once.
Ester is showing Strong support at Rs 37Trading At a Crucial Price Range . if brakes upward we can see RS 50 mark
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.
