ETERNAL - Technical Analysis

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

📊 Technical Analysis of Eternal Ltd. (ETERNAL)

⭐ Technical Rating: 4.4

📈 Trend Overview

Current Price: ₹307

50 DMA: ₹264 → Price trading well above short-term average

200 DMA: ₹242 → Price also above long-term average

Trend Status: Trending Up The stock is in a strong uptrend, having surged ~62% from its 52-week low of ₹190. It’s hovering near its 52-week high of ₹314, indicating bullish momentum.

🔍 Momentum Indicators

RSI (72.8): Overbought zone — strong momentum but caution warranted

MACD (14.1): Strongly positive and diverging from signal line — confirms bullish trend

Volume: Below weekly average — suggests mild consolidation despite price strength

📉 Chart Patterns & Signals

Recent Formation: Breakout from ascending channel

Bollinger Bands: Price hugging upper band — bullish continuation likely

Candlestick Signal: Bullish marubozu near ₹300 — confirms strength

📌 Support & Resistance Zones

Level Price Range (₹)

Support 295 – 300

Resistance 314 – 320

Breakout Zone Above ₹320 could trigger rally toward ₹340–₹355

🎯 Entry & Exit Strategy

Optimal Entry: ₹298–₹302 (near support zone)

Stop Loss: ₹288 (below recent swing low)

Target Exit: ₹314–₹320 (resistance zone); ₹340+ if breakout confirmed

⚡ Short-Term Signals

Bullish bias with strong MACD and RSI

Watch for RSI > 75 and volume surge near ₹314 to confirm breakout

MACD histogram expansion would signal momentum acceleration

Would you like me to chart this visually or compare it with other high-PE growth stocks? I can also help build a layered entry strategy if you're planning a staggered position.

Edit in a page