Eternal is showing a strong bullish trend on the daily chart

ETERNAL Eternal is showing a strong bullish trend on the daily chart after a prolonged correction from the ₹360–370 zone towards ₹215–220, followed by a gradual recovery and formation of higher highs and higher lows. The stock has given a strong upward move and is currently trading around ₹363.65, comfortably above all four important EMAs: 21 EMA (₹346.29), 50 EMA (₹333.02), 100 EMA (₹317.22) and 200 EMA (₹300.40). This bullish EMA alignment indicates strong buying momentum and a positive trend across short-, medium- and long-term timeframes. The earlier horizontal resistance zone around ₹307–310 has also been crossed and is now an important support area. Immediate resistance is around ₹367–370; a sustained breakout above this zone with strong volumes could open the door for further upside. Any correction towards ₹346–350 could act as a near-term support zone. On the fundamental front, Eternal reported strong Q2 FY27 performance, with revenue from operations increasing 77.6% YoY to ₹24,138 crore and net profit rising 92% to ₹125 crore. Consolidated adjusted EBITDA jumped 197% to ₹666 crore, supported by strong growth in both Zomato's food-delivery business and Blinkit's quick-commerce operations. Blinkit's net order value grew 79.3%, and the company plans to expand its dark-store network to more than 3,500 by March 2027 and around 5,000 by March 2028. Food-delivery order value also increased 21.5% YoY. However, quarterly profit missed analyst expectations, and rising operating costs and intense competition remain key risks. Overall, strong business growth, improving profitability and a bullish technical structure make Eternal an interesting stock to track, although valuation and execution risks should not be ignored