ERIS - Technical Analysis

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

📊 Technical Analysis of Eris Lifesciences Ltd. (ERIS)

⭐ Technical Rating: 4.2

📈 Trend Overview

Current Price: ₹1,792

50 DMA: ₹1,678 → Price trading above short-term average

200 DMA: ₹1,452 → Price well above long-term average

Trend Status: Trending Up The stock is in a strong uptrend, having gained ~73% from its 52-week low of ₹1,035. It’s approaching its 52-week high of ₹1,910, indicating bullish sentiment.

🔍 Momentum Indicators

RSI (61.0): Bullish zone; momentum is strong but not overbought

MACD (32.3): Strongly positive and diverging from signal line; confirms uptrend

Volume: Slightly below weekly average, suggesting mild consolidation before next move

📉 Chart Patterns & Signals

Recent Formation: Rectangle breakout pattern near all-time high

Bollinger Bands: Price hugging upper band — bullish continuation likely

Candlestick Signal: Bullish engulfing spotted near ₹1,750 support

📌 Support & Resistance Zones

Level Price Range (₹)

Support 1,750 – 1,770

Resistance 1,910 – 1,950

Breakout Zone Above ₹1,950 could trigger rally toward ₹2,050–₹2,100

🎯 Entry & Exit Strategy

Optimal Entry: ₹1,760–₹1,780 (near support zone)

Stop Loss: ₹1,725 (below recent swing low)

Target Exit: ₹1,910–₹1,950 (resistance zone); ₹2,050+ if breakout confirmed

⚡ Short-Term Signals

Bullish bias with strong MACD and RSI

Watch for volume surge near ₹1,910 to confirm breakout

MACD crossover and RSI > 65 would signal momentum acceleration

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