ETERNAL (ZOMATO) By KRS Charts17th April 2025 / 1:24 PM
Why Eternal ??
1. All Over Bullish Stock. Yet Not Profitable but Business model has potential in near Future.
2. Wave Count is suggesting 4th wave is likely finish and 5th last leg is started which can last till 340 Rs.
3 RSI & MACD is showing bullish continues Divg. bears gave there all but failed to make new lower low.
4. Lower TF is showing W pattern Breakout as well with good volume.
Targets and SL 1W Closing Basis are mentioned in chart.
Eternal
Eternal (Zomato) cmp 231.60 by Daily Chart viewEternal (Zomato) cmp 231.60 by Daily Chart view
- Support Zone 194 to 200 Price Band
- Resistance Zone 194 to 200 Price Band
- Falling Resistance Trendline Breakout by decent Volumes
- Rising Support Trendline seems to be activated and sustained
- Bullish Rounding Bottom completed at neckline of Resistance Zone level
- Fairly decent Bullish Double Bottom seems formed at Support Zone level
- Volumes spiking over past few days and in close sync to avg traded quantity