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.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.
כתב ויתור
המידע והפרסומים אינם מיועדים להיות, ואינם מהווים, ייעוץ או המלצה פיננסית, השקעתית, מסחרית או מכל סוג אחר המסופקת או מאושרת על ידי TradingView. קרא עוד ב־תנאי השימוש.