Short-term view on Eternal

Technical Snapshot (Daily Chart Analysis) Trend: The stock is currently in a strong uptrend within a rising channel. Price is near the mid-to-upper band of the channel, indicating sustained bullish momentum. Support: Immediate: ₹307–308 (near 10-day EMA and lower channel midline) Stronger: ₹298–300 (20-day EMA and recent consolidation zone) Resistance: Immediate: ₹336–338 (upper mid-channel line) Extended: ₹355–360 (upper red channel line) RSI: Currently ~70 — approaching overbought territory but still showing strength, with no divergence yet. Volume: Increasing on up-days, which confirms buying interest. Bollinger Bands: Price hugging the upper band, signaling strong momentum but also a possible short-term pullback if it overheats. Short-Term Bias Bullish as long as price sustains above ₹307. A breakout above ₹338 with strong volume can open upside towards ₹355–360 in the next 1–2 weeks. Caution if RSI crosses into extreme overbought (>75) — could see a pullback to ₹307–300 zone for consolidation. Actionable Levels Buy on dips near ₹307–310 with SL below ₹298. Book partial profits near ₹336–338 and trail SL for rest towards ₹355–360 target zone.