☕ Cup Breakout with Strong Momentum in Eternal Ltd 🚀

🧩 Technical Analysis Pattern Structure: Eternal Ltd has confirmed a Cup Breakout above the ₹305 neckline after months of accumulation. EMA Confluence: The 26 EMA (red) is firmly above the 52 EMA (green), reflecting sustained bullish momentum and healthy trend alignment. AVWAP Support: Price is currently holding well above the AVWAP from the breakout level (~₹305), which now acts as a strong dynamic support. MACD View: Though not shown here, MACD remains in a bullish zone, with no signs of negative divergence—confirming momentum continuation. Elliott Wave Count: The breakout move appears to be Wave 3 initiation after the consolidation in Wave 2, suggesting potential for strong upside continuation. 💼 Fundamental Strength ROCE: Consistently above 20%, showing efficient capital utilization. Revenue & Profit Growth: Stable double-digit growth over recent quarters. Low Debt & Healthy Margins: Indicates robust financial structure and operational efficiency.