ETERNAL:NSEETERNAL FUTURES Analysis
Data as of 2026-03-13 - not real-time
Latest Price
Risk Level: High
Executive Summary
Eternal Limited is trading at INR 215.68, well below its 20‑day (250.5), 50‑day (269.6) and 200‑day (291.2) simple moving averages, indicating a pronounced bearish bias. The 14‑day RSI of 19.3 signals an oversold condition, while the MACD line sits at –15.7 beneath its signal line (–12.6), reinforcing downside momentum. Volume is on an increasing trend and the price is hovering just above the identified support level of 213, with resistance near 300, suggesting limited upside in the near term. A recent max drawdown of 39% and an astronomically high trailing PE of ~899 point to earnings weakness, yet the Fear‑Greed Index reads 72.68 (Greed), implying market participants may be underestimating downside risk. Overall, the technical picture is bearish, the fundamentals are strained, and the stock’s near‑zero beta reflects minimal correlation with broader market moves, making it a high‑risk play at current levels.
Market Outlook
Short Term
< 1 yearKey Factors
- Price testing immediate support at 213
- Oversold RSI but bearish MACD
- Increasing volume may precede a short‑term bounce
Medium Term
1–3 yearsKey Factors
- Potential bottoming near support
- Market sentiment skewed toward greed
- Low beta suggests limited systematic risk
Long Term
> 3 yearsKey Factors
- Fundamental earnings weakness reflected in high PE
- High inventory and oversupplied regime
- Macro factors (USD, rates) exert only moderate influence
Key Metrics & Analysis
Commodity Metrics
Technical Analysis
Risk Assessment
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This analysis may contain inaccuracies and is provided for informational and research purposes only. It is not personal investment advice, a recommendation, or an instruction to buy, sell, or hold any asset.