ETERNAL - IntraDay Trade Analysis with Live Signals

Last Updated Time : 19 Sept 25, 2:16 pm

IntraDay Trade Rating: 4.5

📊 Intraday Trading Analysis — ETERNAL

✅ Bullish Setup Highlights

Momentum: RSI at 69.1 is approaching overbought territory, but still tradable for momentum scalping. MACD at 6.56 confirms bullish crossover.

Volume Surge: Massive volume of 3.77 crore shares vs 1-week average of 2.21 crore — strong intraday participation.

Price Action: Trading at ₹338, just ₹1 below its 52-week high of ₹339 — breakout potential is high.

Trend Strength: Well above both 50-DMA (₹307) and 200-DMA (₹265), indicating strong short-term and long-term trend alignment.

Institutional Sentiment: DII holdings up by 3.02% — supportive of bullish bias.

⚠️ Risk Factors

Valuation: P/E of 155 and PEG of 3.09 — extremely overvalued, not ideal for swing or positional trades.

FII Sentiment: Decline of 2.02% in FII holdings — some caution from foreign investors.

Fundamentals: ROCE (7.34%) and ROE (6.55%) are weak despite strong PAT growth.

📈 Intraday Strategy

🔹 If Entering Fresh Today

Buy Zone: ₹336–₹338 (just below breakout level, ideal for momentum entry)

Profit Targets

Target 1: ₹344 (initial breakout extension)

Target 2: ₹350 (if volume sustains and RSI crosses 72)

Stop-Loss: ₹330 (below minor support and psychological level)

🔹 If Already Holding

Exit on Weakness

Price fails to hold above ₹336 and RSI dips below 65

MACD flattens or shows bearish divergence

Exit on Strength

Price breaks ₹339 with volume >1.5x average and RSI >70

Trail stop-loss upward to ₹338 once ₹344 is breached

🧠 Final Take

ETERNAL is a strong intraday candidate today, especially for breakout traders. While valuation is stretched, technical momentum and volume make it attractive for short-term scalping.

Let me know if you'd like to track live breakout alerts or set up a trailing stop strategy!

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