Two momentum-driven names — Swiggy and Eternal Ltd. are catching traders’ attention with technical setups that suggest potential for near-term action.

Swiggy Ltd. (CMP: ₹407 | Stop Loss: ₹375) is shaping into a Volatility Contraction Pattern (VCP), where price consolidates into tighter ranges, hinting at supply absorption before a possible breakout. The MACD is nearing a golden crossover, while the RSI is rising from neutral territory (40–60), adding early bullish undertones. A minor volume spike supports this trend. Risk remains defined at ₹375. Sustained buying interest would be key to unlocking upside potential.

Source: NSE

Eternal Ltd. (CMP: ₹320 | Stop Loss: ₹292), meanwhile, has extended its rally following a gap-up last month, breaking out of a base to clock fresh all-time highs. The move comes on the back of a MACD and RSI uptrend, with volume averages also improving. While the stock trades comfortably above its short-term EMA, a minor pullback cannot be ruled out. Still, the trend remains firmly positive as long as it holds above ₹292.

Source: NSE

Both stocks combine constructive technical structures with improving momentum indicators, placing them firmly on watchlists for traders seeking setups with defined risk.

Note: Charts and prices are as of 12:30 PM.

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