Market Trading Guide: Eternal among 2 stocks to buy for Friday for healthy returns
AgenciesAdani Ports and Eternal emerge as Friday trading picks, with analysts highlighting bullish technical signals, key support levels, stop losses and upside targets.
Here are 2 stock ideas for Friday:
Buy Adani Ports at Rs 1870-1875 | Stop loss: Rs 1795 | Target: Rs 2019
Adani Ports has witnessed a strong bullish breakout, gaining 6.29% to close at ₹1,872. The stock has moved above its recent consolidation range of ₹1,740–₹1,810, indicating renewed buying momentum. RSI has surged toward 65, reflecting strengthening bullish momentum while remaining below the conventional overbought zone. Sustaining above Rs 1,850 could support further upside toward Rs 1,950–Rs 2,000, while Rs 1,825–1,800 may act as immediate support.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Buy Eternal at Rs 337-339 | Stop loss: Rs 323 | Target: Rs 364
Eternal is showing a positive recovery, rising 3.63% to Rs 337.85 and rebounding strongly from the Rs 305–310 support zone. The stock is approaching its recent swing-high resistance around Rs 338–342, with RSI recovering toward 60, indicating improving bullish momentum. A sustained breakout above Rs 342 could open the way toward Rs 350–360, while Rs 330 and Rs 325 may provide near-term support.
Virat Jagad, Sr Technical Research Analyst, at Bonanza Portfolio
Disclosure: This article has been written by Podishetti Akash, who is not a SEBI-registered Research Analyst or an Investment Adviser. Podishetti Akash and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The Economic Times Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment. Brokerage disclosures here.