Eternal Ltd: Trendline Reclaim with Breakout Setup in Progress

🔍 Technical Rationale: ✅ Trendline Reclaim: The stock has reclaimed the long-term ascending trendline after a corrective phase, indicating possible trend resumption. 🔄 Breakout Attempt: Price has broken out of the recent downward sloping trendline and is consolidating just below the resistance zone of ₹269. 🛡️ Support Zone: Immediate support now shifts to ₹242–₹244 range, which aligns with the previous breakout point and the trendline. 📈 Higher Low Formation: Recent price action shows a successful higher low near ₹213, which confirms the re-establishment of bullish structure. 💹 Volume Spike: Noticeable volume surge during the breakout attempt, indicating strong buying interest. ⚙️ Parabolic SAR Support: The Parabolic SAR dots are supporting the ongoing up-move, suggesting bullish momentum. 📢 Disclaimer: This is for informational purposes only. Nothing herein constitutes a buy or sell recommendation. I may or may not be holding a position in the stock mentioned. 🧑‍💼 Rajneesh Sharma is a SEBI-registered Research Analyst (Reg. No. INH000020332). 📄 Investments are subject to market risks. Read all related documents carefully before investing.