Got it! Here’s the analysis for **ETERNAL LTD**:
---
### 🏆 **Pattern: Cup and Handle**
✅ **Cup:** The rounded bottom formation spanning from early April to late May 2025.
✅ **Handle:** Small consolidation / downward drift (flag-like handle) in late May.
✅ **Volume:** Strong spike at the breakout attempt in June – classic volume surge in breakout setups.
---
### ⚡ **Key Resistance:**
* **246.50 INR** is the neckline (horizontal resistance).
* **Price Action:** Currently testing this level.
---
### 📈 **Breakout Criteria:**
* Needs to **close above 246.5** on strong volume for breakout confirmation.
* If breakout is confirmed, measured move target = cup depth projected from breakout.
---
### 🥅 **Measured Move Target:**
* Cup depth = 246.5 - 199 = **\~47.5 INR**
* **Target after breakout:**
$$
246.5 + 47.5 = \boxed{294 - 295 INR}
$$
---
### 🔎 **Volume & Indicators:**
* Big volume spike during the breakout attempt (arrow mark).
* EMA stack alignment (EMA-8 > EMA-21 > EMA-55) = short-term bullish momentum.
* RSI & MACD could be used to confirm momentum if you want.
---
✅ **Next Steps:**
* Watch for a **daily close above 246.5** on above-average volume.
* If confirmed, potential upside target \~294 – 295 zone.
---
### 🏆 **Pattern: Cup and Handle**
✅ **Cup:** The rounded bottom formation spanning from early April to late May 2025.
✅ **Handle:** Small consolidation / downward drift (flag-like handle) in late May.
✅ **Volume:** Strong spike at the breakout attempt in June – classic volume surge in breakout setups.
---
### ⚡ **Key Resistance:**
* **246.50 INR** is the neckline (horizontal resistance).
* **Price Action:** Currently testing this level.
---
### 📈 **Breakout Criteria:**
* Needs to **close above 246.5** on strong volume for breakout confirmation.
* If breakout is confirmed, measured move target = cup depth projected from breakout.
---
### 🥅 **Measured Move Target:**
* Cup depth = 246.5 - 199 = **\~47.5 INR**
* **Target after breakout:**
$$
246.5 + 47.5 = \boxed{294 - 295 INR}
$$
---
### 🔎 **Volume & Indicators:**
* Big volume spike during the breakout attempt (arrow mark).
* EMA stack alignment (EMA-8 > EMA-21 > EMA-55) = short-term bullish momentum.
* RSI & MACD could be used to confirm momentum if you want.
---
✅ **Next Steps:**
* Watch for a **daily close above 246.5** on above-average volume.
* If confirmed, potential upside target \~294 – 295 zone.
Haftungsausschluss
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Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.