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Economic Times
17-07-2025
- Business
- Economic Times
How to trade Eternal shares after a 34% rally? Check key levels & strategies
Eternal shares have surged 34% since April, fueled by investor optimism, but analysts suggest caution. Synopsis Eternal shares have surged 34% since April, fueled by investor optimism, but analysts suggest caution. Profit booking is advised near Rs 260 due to potential momentum loss, while others see buying opportunities above Rs 278 or near the Rs 240-Rs 235 support zone. Long-term investors should hold, adding on dips above Rs 245. Eternal shares have rallied nearly 34% from their April lows, currently trading around Rs 262, driven by investor optimism. The stock is also placed above its medium and long-term daily exponential moving averages. ADVERTISEMENT While the broader trend of the stock remains positive, the recent rally has been sharp and impressive. According to Jigar S Patel, Senior Manager - Technical Research Analyst at Anand Rathi Shares and Stock Brokers, traders should consider booking profits at current levels. He highlighted that the stock "appears to be exhausted after a sharp rally of 42.58% from the recent bottom of Rs 194.80, currently trading near Rs 262." Patel warned that the daily RSI is showing negative divergence, indicating a potential loss of added that a close below Rs 260 may trigger further downside toward Rs 250." Based on this, short-term traders are advised to exit positions or adopt a cautious approach near Rs 260. ADVERTISEMENT Offering a tactical view, Hardik Matalia, Derivative Analyst at Choice Broking, suggested that traders could look for buying opportunities if the stock shows signs of reversal from the current support zone or breaks above Rs noted that, 'Eternal is forming a structure of higher highs and higher lows on the daily chart—indicating the emergence of bullish sentiment." Matalia explained that technically, a sustained move above Rs 278 would confirm a breakout and could pave the way for a rally toward its previous record highs. ADVERTISEMENT For traders with a momentum focus, Matalia advised, "Short-term traders are advised to look for buying opportunities either on signs of reversal from the current demand zone or post-breakout above Rs 278 for momentum-based trades." Also read: Don't peg your expectations from market too high; look for growth stories: Shreyas Devalkar Long-term investors holding the stock are recommended to stay invested and consider adding on dips, as long as the stock holds above Rs 245. ADVERTISEMENT From a technical perspective, Shitij Gandhi, Sr. Research Analyst (Technicals) at SMC Global Securities, highlighted that the Rs 275–Rs 280 zone represents a significant resistance noted that the stock has been on a steady upward trajectory in recent weeks, rallying from the Rs 200 level to around Rs 275, but a fresh leg of upside momentum is expected to emerge only after a decisive breakout above the Rs 280 resistance level. ADVERTISEMENT On the downside, Gandhi identified solid support near the Rs 240–Rs 235 range, suggesting that traders could watch these levels for potential buying opportunities if the stock pulls back. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
Time of India
16-07-2025
- Business
- Time of India
Gold price prediction today: Where is gold rate headed & will silver outperform the yellow metal? Here's the outlook
Gold price prediction: The yellow metal had surged by more than a quarter this year, hitting a record above $3,500 an ounce in April. (AI image) Gold price prediction today: Gold rates have continued to be relatively range-bound after hitting record highs three months ago. US President Donald Trump's tariff war continues, adding to global uncertainty, yet experts are of the view that trade deals are likely to be finalized in the coming weeks. Silver is expected to continue its bull run in the coming months, and may outperform gold in the long-term. Naveen Mathur, Director - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold and silver investors: Gold started the week slightly on a positive note after a marginal increase of 0.6% seen last week. US trading partners continued to navigate the final weeks of negotiations as Trump's patience with talks appeared to wear thin. Rising trade tensions underscored gold's haven appeal, although investors grew increasingly less convinced about the likelihood of widespread upheaval as a trade truce looked likely before the August 1 deadline. The yellow metal had surged by more than a quarter this year, hitting a record above $3,500 an ounce in April, as the US's aggressive and erratic trade policy enhanced its appeal as a store of value in uncertain times. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 Books Warren Buffett Wants You to Read In 2025 Blinkist: Warren Buffett's Reading List Undo However, the rally has stalled over the last three months as investors wait for more clarity on the eventual contours of the new trade system, and on signs they're hesitant to buy gold at such elevated levels. Meanwhile Silver rose to the highest in almost 14 years as investors sought alternatives to a near-record gold price, with increased demand leading to tighter physical supply. Spot silver continued to rise 1.8%, following last week's 4% increase. The implied cost of borrowing the precious metal for one month spiked to above 6%, compared with its typical rate of nearly zero. The rise in appetite for the metal left the physical market under strain in London, where most silver is held by exchange-traded funds meaning it is not available to lend or buy. Renewed trade tensions have helped Silver to surge dramatically, hitting $39.57 on COMEX marking the highest level since the 2011 peak of $50 and setting a new lifetime high of ₹ 1,15,136 /Kg. in the domestic MCX futures market. The bullish breakout on the technical front, anticipated after it broke above 1 lakh mark in June, followed renewed tariff tensions between the US and its major trading partners. Gold Price Outlook Gold Weekly View: Sideways Trading Range: Rs. 96,200 – 99,150 / 10 gm. CMP (Rs. 97,930 / 10 gm.) Investors could closely watch key US economic reports due later in the session & in this week, including CPI, PPI, industrial production, & retail sales for clearer signals on the Federal Reserve's next policy decision. The cautious stance of the US Federal Reserve (Fed) might cap any sharp upside for the yellow metal as the US central bank is widely anticipated to hold interest rates steady in July meeting. Also tariff developments & further negotiations from Euro Zone & other trading partners could keep the movement in Gold sideways as of now. Meanwhile Silver has good potential to outperform Gold in long term perspective, driven by stronger fundamentals as the market enters its 5th consecutive year of structural deficit. However on a short term basis prices might turn volatile edging down after the strong rally seen last week only to provide fresh buying opportunities. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
09-07-2025
- Business
- Time of India
Sonata Software shares surge over 11% in 3 days: What charts indicate and how to navigate this rally?
Live Events For short-term traders looking to ride the momentum, Patel highlighted key technical levels to monitor: Support: Rs 420 Immediate Resistance: Rs 453 Target: Rs 475 (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Sonata Software have staged an impressive momentum over the past three trading sessions, climbing 11.48% and drawing significant attention from the market the stock witnessed some profit booking in Wednesday's stock seems to be near the resistance of its consolidation, witnessed for the last 2 months. It is now trading near the Rs 440 to Jigar S Patel, Senior Manager – Technical Research Analyst at Anand Rathi Shares and Stock Brokers, the recent up move follows a textbook breakout from a high-probability setup.'Sonata Software exhibited an inside value relationship between June and July Camarilla monthly pivots—a classic setup that often precedes explosive moves.'He further added, 'As anticipated, the stock broke out in the previous trading session and is now hovering near the Rs 440 mark. Given the breakout confirmation, we expect further upside towards Rs 475.'He also advised, 'Momentum traders may consider tracking the stock for follow-through buying opportunities.'Meanwhile, Shitij Gandhi, Sr. Research Analyst (Technicals) at SMC Global Securities , placed the stock's movement within a longer-term context.'Over the past five years, Sonata Software has delivered substantial returns to investors. However, 2025 saw a notable correction, with the stock declining sharply and slipping below the 300 level.'He pointed out that a technical rebound has been underway in recent months.'In recent months, a technical rebound has emerged, driving a gradual recovery toward the 420 level. The stock has also managed to climb back above its 100-day Exponential Moving Average ( EMA ) on the daily charts, signaling a potential shift in near-term momentum.'Despite the recent gains, Gandhi emphasized that broader trend indicators remain cautious.'From a technical perspective, the stock continues to trade below its 200-day EMA on both daily and weekly timeframes, indicating that the broader trend remains cautious.'Looking ahead, Gandhi identified Rs 475–Rs 480 as a critical resistance area and noted, 'A decisive breakout above this range would be necessary to confirm a sustained bullish reversal.'On the downside, he advised investors to track the Rs 400–Rs 380 support zone in case of any pullback.'Investors should monitor price action around these key levels for further directional cues,' Gandhi 12:10 pm today, the shares of Sonata Software were trading 1.9% lower at Rs 431.85 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Time of India
09-07-2025
- Business
- Time of India
Gold price prediction today: Where is gold rate headed & is silver a better bet compared to yellow metal right now? Here's the outlook
Gold price prediction today: Gold rates may continue to be range-bound as geopolitical tensions ease and optimism mounts on possible US trade deals with countries on the extension of tariff deadline to August 1, 2025. Tired of too many ads? go ad free now Over the next few days silver may be the preferred option compared to gold, say experts. Naveen Mathur, Director - Commodities & Currencies, Anand Rathi Shares and Stock Brokers shares his views and recommendations for gold investors: Gold price continued to face hurdles near $3350 since last week after the precious metal edged lower since last week as the US June Nonfarm Payrolls (NFP) report altered the US Federal Reserve (Fed) policy expectations. The US NFP came in stronger than expected, rising by 147,000 jobs in June from 144,000 in May (revised from 139,000). Additionally, the Unemployment Rate held steady at 4.1% in June. These reports indicated continued labor market resilience, reducing the possibility of the Fed's near-term monetary accommodation. This, in turn, underpins the US Dollar (USD) and exerts some selling pressure on the non-yielding assets like Gold. On the other hand, renewed geopolitics saw Israel military attacking Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel. However the same failed to bring in additional upside in prices. Traders brace for the Federal Open Market Committee (FOMC) Minutes later on Wednesday for fresh impetus. Tired of too many ads? go ad free now Gold traders could also closely monitor the developments surrounding tariff policies amid renewed geopolitical tensions seen in the Middle East. Many major US trading partners are seen hurrying to secure deals, with Commerce Secretary Howard Lutnick telling reporters on Sunday that country-by-country tariffs will take effect August 1. While an interim accord with India was also expected to be reached, trade related uncertainties are seen easing in weeks ahead. US President Donald Trump's consistent tariff threats have temporarily muted demand for the yellow metal while supporting the demand for the Greenback. The president has announced new tariffs on countries, with Japan at 25% and South Korea at 30% standing out. He has also given a new deadline, August 1, instead of July 9. Overall broad trend could remain sideways to cautious at higher levels amid Fed meeting minutes due Wednesday night could remain the next major trigger which may also provide clues on timing of rate cuts with most members seen to favor rate cuts starting September. On the other hand, Silver could remain a preferred bet for coming month as compared to gold as Silver-backed ETFs now stand at the highest since mid-2022, after enjoying net inflows for the past eight weeks witnessing the longest run in almost a half-decade Gold Price Outlook Gold Price Weekly View: Sideways to Downside Spot Gold could broadly trade in a narrow range of $ 3350 – 3270/oz (CMP $ 3310) till next week as most trade related uncertainties are seen easing now while US macro cues could remain in focus ahead. On MCX this could translate to a trading range of Rs 97,650 – 95,230 / 10 gm in Aug futures contract.(CMP Rs 96,460 / 10 gm) (Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)
Time of India
28-06-2025
- Business
- Time of India
No home loan deductions in new tax regime: Why prepayment makes sense & how it can help you save on interest outgo
Home loan tax benefits : With key tax incentives not available under the new income tax regime, many loan borrowers are reassessing home loan repayment strategies. Many borrowers are now favouring early prepayments to cut interest outgo and loan tenure. Tired of too many ads? go ad free now The old tax regime allows borrowers to claim deductions of Rs 2 lakh on interest under Section 24(b) and Rs 1.5 lakh on principal under Section 80C. The new income tax regime doesn't have these benefits, reducing the incentive to maintain long-term loans. 'While earlier tax deductions justified holding on to loans, the new tax structure weakens that logic as the cost has gone up,' said Amar Ranu, Head–Investment Product & Insights at Anand Rathi Shares and Stock Brokers, according to an ET report. Benefits of prepaying home loans Prepaying a home loan, especially in the early years, significantly reduces interest payments because EMIs are front-loaded—meaning most of the initial outgo covers interest. For instance, on a Rs 50 lakh loan at 8.5% for 20 years, borrowers would pay over Rs 48 lakh in interest. A Rs 5 lakh prepayment in the third year could shorten the tenure by 3–4 years and save up to Rs 12 lakh in interest, according to the ET analysis. When lump sum prepayments are not feasible, increasing EMIs gradually as income rises is an effective alternative. A 10% annual EMI increase can cut the loan term to under 10 years, while a 5% rise can bring it down to 12–13 years. Annual Increase in EMI Interest Saved (Rs lakh) EMIs Saved 5% 16.1 80 10% 22.2 109 15% 25.6 125 20% 27.9 136 Source: ET report A dual strategy of periodic prepayments and stepped-up EMIs yields maximum savings. This disciplined approach doesn't necessarily demand big sacrifices. Redirecting bonuses, maturing fixed deposits, life insurance proceeds, or funds from low-yield assets can help build a prepayment pool. Tired of too many ads? go ad free now 'Prepaying 5% of the loan every year is a sensible and manageable target,' said Ranu. While early repayment yields the most savings, it becomes less effective in later stages of the loan. Borrowers in the final years may be better off continuing with the loan—particularly if the interest rate is low or they have access to investments offering higher returns. 'Prepaying your loan is like saving money at the same rate as your loan interest. So, if your home loan rate is 8.5%, every rupee you prepay helps you avoid paying 8.5% interest on it, which is as good as getting a risk-free return of 8.5%,' said Vipul Patel, Founder of in the ET report. Experts also advise checking for hidden charges before prepaying, maintaining adequate emergency funds, and ensuring liquidity before committing excess cash to loan repayment. While markets may offer higher returns, prepayment guarantees fixed savings and peace of mind.
