FinanceThursday, October 29, 20261 min read

Market Trading Guide: Eternal among 2 stocks to buy for Friday for healthy returns

By Economic Times Markets · Published by Everything Blog

In short

The brokerage selected Adani Ports and Eternal based on recent technical momentum and key breakout levels. Adani Ports gained over six percent after clearing a consolidation phase, with analysts aiming for an advance above the Rs 2,000 threshold. Meanwhile, Eternal bounced from its recent support range to challenge swing-high resistance. Both setups rely on critical support floors to maintain their immediate upward trajectory.

Key points

Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels a…: Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels as support for both stock recommendations.
Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with…: Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with immediate support near Rs 1,800.
Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop lo…: Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop loss at Rs 323.

Sources checked by our analysis pipeline: 1

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…

AI Analysis

Tone

Positive

In short

Key Points

Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels a…: Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels as support for both stock recommendations.
Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with…: Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with immediate support near Rs 1,800.
Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop lo…: Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop loss at Rs 323.

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AI Analysis

Tone

Positive

In short

Key Points

Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels a…: Bonanza Portfolio analyst Virat Jagad highlighted rising Relative Strength Index levels as support for both stock recommendations.
Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with…: Holding above Rs 1,850 could propel Adani Ports toward the Rs 1,950 to Rs 2,000 zone with immediate support near Rs 1,800.
Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop lo…: Eternal offers an entry range of Rs 337 to Rs 339, targeting Rs 364 with a strict stop loss at Rs 323.

Topics

Finance

Was this summary useful?

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Market Trading Guide: Eternal among 2 stocks to buy for Friday for healthy returns

In short

Key points

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