ETERNAL - IntraDay Trade Analysis

Last Updated Time : 02 Aug 25, 12:58 am

📊 Intraday Trade Analysis – ETERNAL IntraDay Trade Rating: 3.4

This stock shows some short-term momentum, but its sky-high valuation and weak fundamentals raise caution flags. It's best treated as a speculative intraday play rather than a trend-following candidate.

🔍 Technical Outlook & Key Signals

RSI: 72.8 → Overbought zone; may trigger profit booking soon.

MACD: 14.1 → Bullish crossover holding, but flattening could occur at upper levels.

Volume: 2.45 Cr vs Avg 6.06 Cr → Decent, but tapering below average—watch for intraday exhaustion.

Price Above DMA50/DMA200 → Bullish bias confirmed, though near resistance (₹314).

Fundamental Note: P/E of 990 & PEG of 31.4 reflects extreme overvaluation, compounded by a 90% quarterly profit dip—risk-reward tilts to short-term moves only.

💸 Intraday Trade Setup

Trade Component Suggested Range (₹)

Buy Entry Zone ₹303 – ₹306

Profit Target ₹312 – ₹314

Stop-Loss Level ₹299

💡 Enter near support zones, ride momentum briefly, exit before resistance zones trap price action.

⏱ If Already Holding: Exit Signals Today

Consider Booking Profits If

Price approaches ₹314 (52-week high zone)

RSI moves above 75 and volume spikes >3 Cr

MACD continues upward slope

Consider Cutting Losses If

Price breaks below ₹299

Volume fades to <1.5 Cr and RSI dips below 65

MACD flattens or trends downward intraday

🧠 Final Thought

ETERNAL offers a momentum-driven trade, but sustainability is in question given its fundamentals. Trade the chart, not the story—and be quick with exits. Risk management is essential here.

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