🚀 Cup & Handle Breakout on Fundamentally Sound Stock – ETERNAL LTD! ☕📈

Technical Snapshot: ✅ Chart Pattern: A clean Cup & Handle breakout spotted on the weekly chart, with breakout above ₹299 resistance zone. ✅ Elliott Wave Count: Looks like Wave 3 initiation post Wave 2 correction — typically the strongest and most impulsive wave. ✅ MACD Divergence: Clear bullish MACD crossover just below breakout, confirming momentum buildup. ✅ AVWAP Support: Anchored VWAP from previous top acts as a solid support post breakout — price holding well above it. Target Projection: Breakout height ~₹97 → Target = ₹396+ (nearly 33% upside potential). Fundamental Backing: 💡 ROCE consistently above 22% 💡 Debt-Free or minimal leverage 💡 Double-digit profit growth over the last 3 years 💡 Strong promoter holding & consistent dividend payout 📚 Key Takeaway: Combining technical precision with fundamental strength gives high conviction setups. ETERNAL LTD shows a textbook bullish structure with confirmation from multiple signals. A great example of how patience and patterns reward in positional trades!