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Rakesh Madhav CFA

20th Aug 2025 · SEBI-Registered Analyst

🔥 Follow-up on Eternal

ETERNAL
Our earlier bullish view continues to play out well — the stock is moving strongly inside its rising channel, sustaining near the mid-to-upper band with healthy momentum. 📉 Technical Snapshot ✅ Trend intact: Price action forming higher highs & higher lows within the channel 📊 Volume: Higher volumes on green candles → confirms accumulation & buying strength 📈 RSI ~72 → strong momentum, slightly overbought but no negative divergence yet 📍 Bollinger Bands: Price hugging the upper band → trend strength intact, though minor pullback possible 📌 Key Levels to Watch Supports: ₹307–308 (10-D EMA), ₹298–300 (20-D EMA & consolidation base) Resistance: ₹336–338 (immediate), above which ₹355–360 (upper channel line) is the next target 💡 Outlook Bias stays bullish in short term as long as price holds above ₹307. A breakout above ₹338 with strong volume could unlock the ₹355–360 zone in the next 1–2 weeks. 🎯 Actionable Plan Buy on dips near ₹307–310 with SL below ₹298 Book partial profits at ₹336–338 Trail SL for remaining positions toward ₹355–360 target

#TechnicalViews#StockInNews#FundamentalViews
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