Technical Momentum Shifts Signal Caution in E-Retail Sector
Technical Momentum and Price Movement
The stock price of Eternal closed at ₹281.60, down from the previous close of ₹284.80, marking a daily decline of 1.12%. The intraday range saw a high of ₹284.50 and a low of ₹279.70, indicating moderate volatility within a relatively narrow band. Over the past week, the stock recorded a return of -1.54%, contrasting with the Sensex’s modest gain of 0.13% during the same period. The one-month return for Eternal stands at -8.21%, while the Sensex posted a decline of 0.66%, highlighting a sharper retracement in the stock relative to the broader market.
Year-to-date, Eternal has delivered a return of 1.29%, lagging behind the Sensex’s 8.83% gain. Over the last year, the stock’s return is 3.07%,…
