Eternal, Canara Bank, Eicher Motors: How To Trade These 3 Buzzing Stocks

Indian benchmark indices snapped nan 7-day winning tally connected Thursday to settee little amid nan volatility connected nan backmost of April bid expiry and profit booking pursuing India's beardown negotiated consequence against Pakistan. BSE Sensex dropped 315.06 points, aliases 0.39 per cent to settee astatine 79,801.43, while NSE's Nifty50 declined 82.25 points, aliases 0.34 per cent to extremity astatine 24,246.70 for nan day.

Select buzzing stocks including Eicher Motors, Eternal and Canara Bank are apt to stay nether nan spotlight of traders for nan convention today. Here is what Vishnu Kant Upadhyay, AVP – Research & Advisory astatine Master Capital Services has to astir these stocks up of Friday's trading session:

Eicher Motors | Buy | Target Price: Rs 6,070-6,120 | Stop Loss: Rs 5,350

Eicher Motors has delivered a bullish breakout supra a prolonged symmetrical triangle pattern, indicating nan imaginable for a sustained uptrend. The banal is trading good supra its 34-day and 55-day EMAs, reflecting beardown short-to-medium word momentum. The caller dip appears to beryllium a patient pullback, offering a imaginable buying opportunity. The RSI is positioned astatine 62, suggesting bullish spot while staying beneath overbought levels. Additionally, nan MACD remains successful a affirmative crossover zone, supporting nan ongoing bullish sentiment. With improving value action and beardown measurement participation, nan banal looks poised for further upside successful nan sessions ahead.

Canara Bank | Buy | Target Price: Rs 108-112 | Stop Loss: Rs 94

Canara Bank has surgery retired supra a semipermanent descending trendline resistance, signaling a imaginable inclination reversal. The value is now trading supra cardinal EMAs (34, 55, 100, and 200), reinforcing bullish momentum. RSI is adjacent 70, indicating beardown buying liking without being overbought. The MACD has shown a bullish crossover pinch widening histogram bars, suggesting upward momentum is gaining strength. This breakout is supported by measurement and structural higher lows, pointing to renewed accumulation. With nan invalidation of falling inclination statement resistance, prices are now apt to pave nan measurement for Rs 108 and past Rs 112.

Eternal | Buy | Target Price: Rs 262-270 | Stop Loss: Rs 218

Eternal has formed a classical cup-shaped rounding bottommost pattern, indicating a imaginable bullish reversal. The banal has surgery supra nan cluster of each cardinal moving averages including 55 and 100-day EMAs, reinforcing beardown upward momentum. RSI is astatine 65, showing spot without yet being overbought, while MACD has crossed into affirmative territory pinch rising histogram bars, suggesting accelerating bullish momentum. The breakout supra Rs 225-230 guidance zone, supported by volume, confirms a displacement successful sentiment. Ongoing value building and measurement developments propose further rally towards Rs 262-270  in nan adjacent term. Overall, method indicators and shape building support a bullish position connected nan stock.

Published on: Apr 25, 2025 7:21 AM IST