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Price and trend forecast of ESTER for Tomorrow, Weekly, Monthly

Ester Industries Limited

Symbol: NSE:ESTER

ISIN: INE778B01029

112.28

As on 2024-07-12

81.90 (52W Low) 132.45 (52W High)

ESTER's Today's Performance

Ester Industries Limited started the day by opening at 113.19 today 2024-07-12. Its shares reached a high of 118.00 and dipped to a low of 112.00 in intraday. When the markets closed, ESTER’s stock price settled at ₹112.28 per share. Also check out its key support and resistance levels.

ESTER Buy/Sell Targets

Tomorrow, sell ESTER when its price reaches ₹ 112.28 with a stop-loss order at ₹ 114.87. You can set the target price as ₹ 109.69 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of ESTER for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for ESTER

Downside Targets Value in ₹
Tomorrow Down Target 1 116
Tomorrow Down Target 2 120
Tomorrow Down Target 3 122

Important Levels for ESTER

Holding Levels Value in ₹
Tomorrow Up Target 1 110
Tomorrow Up Target 2 108
Tomorrow Up Target 3 104
Based on where the stock opens tomorrow, if ESTER opens on a positive note, our first target will be ₹116. If Target 1 is achieved, we will aim for Target 2 which is ₹120.

But if ESTER falls below the average value of ₹114.09, you can enter a sell side position with target number 1 - ₹110 and second target - ₹108 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of ESTER

Looking at ESTER, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, ESTER has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for ESTER is moderate bearish.

Tomorrow's Volume based share price Forecast for ESTER

ESTER's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is -5%.

Reversal detection for ESTER

Predicted trend chart of ESTER tomorrow for price forecast
ESTER may trend may continue to be bearish since stock is making lower low and we can get target of ₹114 in morning tomorrow
Target 1 tomorrow116
Target 2 tomorrow118
Target 3 tomorrow120
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with ESTER's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if ESTER opens on a positive note, our first target will be ₹116.19. If Target 1 is achieved, we will aim for Target 2 which is ₹120.09.

But if ESTER falls below the average value of ₹114.09, you can enter a sell side position with target number 1 - ₹110.19 and second target - ₹108.09

ESTER's Weekly Targets
1st Up Target 119.52
2nd Up Target 126.76
1st Down Target 108.52
2nd Down Target 104.76

As the week for ESTER ended on bearish sentiments, we can expect further continuation of this sentiment. ESTER's initial target will be 119.52 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 108.52 in the upcoming week.

Weekly OHLC Values
Open 122.86
High 123.00
Low 112.00
Close 112.28

Week for ESTER started with an open price of 122.86, and the close was at 112.28. ESTER reached the highest of 123.00 and dipped lowest up to 112.00 last week. This indicates a bearish sentiment for the week.

ESTER full month swing targets
Monthly Up Target 1 130.52
Monthly Up Target 2 137.76
Monthly Down Target 1 97.52
Monthly Down Target 2 82.76

Targets of ₹130.52 can be expected to be reached in the coming month. Once ESTER achieved this target, we can aim for the next upside target of ₹137.76.

ESTER if fails to hold upside, down targets of ₹97.52 and ₹82.76 can be achieved by end of this month.

For complete three weeks if ESTER is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as ESTER

Symbol Name Industry
ULTRACEMCO UltraTech Cement Limited Building Materials
ASIANPAINT Asian Paints Limited Specialty Chemicals
JSWSTEEL JSW Steel Limited Steel
TATASTEEL Tata Steel Limited Steel
GRASIM Grasim Industries Limited Building Materials

Summary

ESTER is expected to reach the target of 116.19 in tomorrow's trading session.

After achieving the initial target in ESTER, we will aim for higher targets of 120.09 tomorrow.

However, if ESTER starts to trade below ₹114.09, then we will shift our focus to the sell side and aim for down targets of 110.19 and 108.09.