ESTER trade ideas
Darvas Box Startegy - Breakout StockDisclaimer: I am Not SEBI Registered adviser, please take advise from your financial adviser before investing in any stocks. Idea here shared is for education purpose only.
Stock has given break out. Buy above high. Keep this stock in watch list.
Buy above the High and do not forget to keep stop loss, best suitable for swing trading.
Target and Stop loss Shown on Chart. Risk to Reward Ratio/ Target Ratio 1:1 & 1:2.
Stop loss can be Trail when it make new box.
Be Discipline, because discipline is the key to Success in Stock Market.
Trade what you See Not what you Think.
ESTER - smallcap SIP bet*Educational purpose*
- Excellent balance sheet, profit growth
- Despite multiple breakdowns in the index and overall markets, ESTER sustained above its support level
- Volumes in pullback are also significant
- Rather than putting money at lumpsum, prefer a staggered investment strategy.
Buy near support range (Blue color)
Ester Industries Ltd*Ester Industries Ltd.*
Pole & Flat Formation: Monthly Basis
Volume Accumulation & Consolidation
Multiple Resistance Levels To be Watched
*With Increase in Price, Trail Stop Loss*
*Book Profit as per Your Risk Appetite*
*Fundamentally Sound & Improving*
Operates in the high-growth flexible plastic packaging, engineering
plastic, and high-end speciality polymer spaces.
Revenue Increasing - Qtrly (6) / Yrly Basis. Profitability growth marginal (stable). +ve Op. Cash Flow. Moderately Leverage & Improving. Satisfactory C&CE. Improving ROE / ROA / ROCE / EBITD / PBT since FY17. Capex ongoing for Capacity Increase. Dividend Paying Co.
*Do Your Own Research as Well. This is Just an Opinion.*
Your Opinion may Differ and is Respected.
Happy Investing :)