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.
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