Eternal, Canara Bank, Eicher Motors: How to trade these 3 buzzing stocks
An analyst from Master Capital said that Eternal has formed a classic cup-shaped rounding bottom pattern, indicating a potential bullish reversal, breaking above the cluster of all key moving averages.
- Apr 25, 2025,
- Updated Apr 25, 2025 7:23 AM IST
Indian benchmark indices snapped the 7-day winning run on Thursday to settle lower amid the volatility on the back of April series expiry and profit booking following India's strong diplomatic response against Pakistan. BSE Sensex dropped 315.06 points, or 0.39 per cent to settle at 79,801.43, while NSE's Nifty50 declined 82.25 points, or 0.34 per cent to end at 24,246.70 for the day.
Select buzzing stocks including Eicher Motors, Eternal and Canara Bank are likely to remain under the spotlight of traders for the session today. Here is what Vishnu Kant Upadhyay, AVP – Research & Advisory at Master Capital Services has to about these stocks ahead of Friday's trading session:
Eternal has formed a classic cup-shaped rounding bottom pattern, indicating a potential bullish reversal. The stock has broken above the cluster of all key moving averages including 55 and 100-day EMAs, reinforcing strong upward momentum. RSI is at 65, showing strength without yet being overbought, while MACD has crossed into positive territory with rising histogram bars, suggesting accelerating bullish momentum. The breakout above Rs 225-230 resistance zone, supported by volume, confirms a shift in sentiment. Ongoing price structure and volume developments suggest further rally towards Rs 262-270 in the near term. Overall, technical indicators and pattern structure support a bullish view on the stock.
Indian benchmark indices snapped the 7-day winning run on Thursday to settle lower amid the volatility on the back of April series expiry and profit booking following India's strong diplomatic response against Pakistan. BSE Sensex dropped 315.06 points, or 0.39 per cent to settle at 79,801.43, while NSE's Nifty50 declined 82.25 points, or 0.34 per cent to end at 24,246.70 for the day.
Select buzzing stocks including Eicher Motors, Eternal and Canara Bank are likely to remain under the spotlight of traders for the session today. Here is what Vishnu Kant Upadhyay, AVP – Research & Advisory at Master Capital Services has to about these stocks ahead of Friday's trading session:
Eternal has formed a classic cup-shaped rounding bottom pattern, indicating a potential bullish reversal. The stock has broken above the cluster of all key moving averages including 55 and 100-day EMAs, reinforcing strong upward momentum. RSI is at 65, showing strength without yet being overbought, while MACD has crossed into positive territory with rising histogram bars, suggesting accelerating bullish momentum. The breakout above Rs 225-230 resistance zone, supported by volume, confirms a shift in sentiment. Ongoing price structure and volume developments suggest further rally towards Rs 262-270 in the near term. Overall, technical indicators and pattern structure support a bullish view on the stock.