Eternal Ltd – Technical & Fundamental View
The stock remains in a downtrend, trading below the 20 & 50 DMA. Multiple bearish patterns—Bearish Pennant, Head & Shoulder (Right Shoulder), and Falling Wedge breakdown—are already completed. The recent bounce looks corrective, not a confirmed reversal.
🔹 Resistance: ₹286–290 | Major: ₹300–305
🔹 Support: ₹276 | Critical: ₹268–265
🔹 RSI: 40–45 (weak momentum)
🔹 Volume: No strong accumulation
📊 Fundamentals are average; no institutional buying signals yet.
📉 Bias: Below ₹290 → Sell on rise
📈 Above ₹305 → trend reversal confirmation.
📜 SEBI Regd RA | AALGO BREATHS (INH000019886)
⚠️ Educational only
Disclaimer: https://aalgobreaths.com/disclaimer/