ETERNAL - Technical Analysis with Chart Patterns & Indicators

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

Technical Rating: 4.6

Here’s a detailed technical analysis of ETERNAL

📈 Trend Analysis

Current Price (₹338) is just ₹1 below its 52-week high (₹339) and well above both 50-DMA (₹307) and 200-DMA (₹265) — indicating a strong bullish trend.

52-week Index at 99.5% confirms the stock is at its peak range.

Trend Status: Trending upward with breakout potential.

🔍 Momentum Indicators

RSI (69.1): Approaching overbought zone — signals strong momentum but caution for short-term pullback.

MACD (6.56): Positive and rising — confirms bullish momentum.

Volume: At 3.77 Cr, significantly higher than 1-week average (2.21 Cr) — indicates strong buying interest and breakout confirmation.

📊 Chart Patterns & Moving Averages

Golden Cross: Price above both 50-DMA and 200-DMA — a bullish signal.

Support Levels

₹307 (50-DMA)

₹290 (recent swing low)

Resistance Levels

₹339 (52-week high)

₹350 (psychological round number resistance)

📉 Bollinger Bands

Price is near the upper band, suggesting short-term overextension.

Bands are expanding, indicating volatility and strength in the current move.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 307–315 Near 50-DMA, ideal pullback zone

Exit (Short-Term) 339–350 Resistance zone, potential reversal

Stop Loss 290 Below swing low and trendline

🧭 Summary

Trend: Bullish

Momentum: Strong, nearing overbought

Volatility: High, with breakout potential

Ideal Strategy: Buy on dips near ₹307–₹315 with target ₹339–₹350. Watch RSI for signs of exhaustion and volume for confirmation.

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