This chart presents a technical analysis of ETERNAL (ETERNAL) on the daily timeframe, captured on TradingView. A classic Cup and Handle pattern is identified, with a sustained breakout (BO Sustained) above the resistance at ₹305.00.
The projected upside (Expected Target) post-breakout highlights a potential move of approximately +34.6%, targeting the Fibonacci extension levels (0.618 at ₹361.75; 0.786 at ₹381.75; 0.886 at ₹393.60).
Indicators Panel:
• RSI: 68.68 (Neutral)
• MACD: Positive momentum
• ADX: 38.74 (Buy signal, strong trend)
• Volatility: 2.67% (Medium)
• Overall Trend: Strong Bullish
Key Technical Features:
• The breakout is accompanied by increased trading volume.
• 50EMA and 200EMA provide underlying support.
• Price action reflects strong bullish sentiment as per volatility and trend indicators.
This analysis is ideal for swing and positional traders watching for continued bullish follow-through after a classical pattern breakout.
The projected upside (Expected Target) post-breakout highlights a potential move of approximately +34.6%, targeting the Fibonacci extension levels (0.618 at ₹361.75; 0.786 at ₹381.75; 0.886 at ₹393.60).
Indicators Panel:
• RSI: 68.68 (Neutral)
• MACD: Positive momentum
• ADX: 38.74 (Buy signal, strong trend)
• Volatility: 2.67% (Medium)
• Overall Trend: Strong Bullish
Key Technical Features:
• The breakout is accompanied by increased trading volume.
• 50EMA and 200EMA provide underlying support.
• Price action reflects strong bullish sentiment as per volatility and trend indicators.
This analysis is ideal for swing and positional traders watching for continued bullish follow-through after a classical pattern breakout.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.