ETERNAL (Zomato) Daily Chart
Validating this strictly against my breakout framework:
Flat resistance: ₹286–288
Touched 4+ times → strong supply zone
Rising trendline:
₹272 → ₹276 → ₹280 → ₹282 → higher lows
Buyers stepping in earlier each time
Price is compressing into resistance.
Apex not reached yet. Pressure building.
This is a textbook ascending triangle.
No breakout yet.
Today’s high was ₹292 but close is still below resistance.
Real confirmation happens only on a daily close above ₹291 with volume.
Triangle height ≈ ₹16
Breakout projection → ₹304+
Watching this for a clean expansion move.
#ETERNAL #Zomato #NSE #TechnicalAnalysis #Breakout
This is for educational purpose. Do your research before you invest.
Validating this strictly against my breakout framework:
Flat resistance: ₹286–288
Touched 4+ times → strong supply zone
Rising trendline:
₹272 → ₹276 → ₹280 → ₹282 → higher lows
Buyers stepping in earlier each time
Price is compressing into resistance.
Apex not reached yet. Pressure building.
This is a textbook ascending triangle.
No breakout yet.
Today’s high was ₹292 but close is still below resistance.
Real confirmation happens only on a daily close above ₹291 with volume.
Triangle height ≈ ₹16
Breakout projection → ₹304+
Watching this for a clean expansion move.
#ETERNAL #Zomato #NSE #TechnicalAnalysis #Breakout
This is for educational purpose. Do your research before you invest.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.