"Cup & Handle Breakout – Eternal Ltd Targets 400+ 🚀"

📊 Technical Breakdown 1️⃣ Cup & Handle Pattern: After a long consolidation, the stock formed a Cup & Handle base with resistance around ₹299. Last week’s breakout above this level confirms the pattern. 2️⃣ Price Target: Cup depth ≈ ₹100. Breakout target = ₹299 + ₹100 ≈ ₹400 (32% potential upside). 3️⃣ EMA Confirmation: Price is trading well above the 200-week EMA (₹152), showing strong long-term bullish structure. 4️⃣ Support Zones: Immediate support: ₹299 (previous resistance). Deeper support: ₹250 zone. 📈 Learning Takeaway The Cup & Handle is a classic bullish continuation pattern. When price breaks out with strong volumes, it often leads to a measured move equal to the cup’s depth. Always look for volume confirmation and retests to validate the breakout.