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.
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.