Eternal Industries: Fresh Momentum Breakout in Play 🚀

Technical View: ETERNAL has continued its strong recovery, now trading around ₹341 after a steady breakout above ₹335. The stock has reclaimed its uptrend channel with strong volume confirmation, closing above short-term moving averages. RSI near 64 signals bullish momentum without signs of exhaustion. Immediate support lies at ₹333–₹330, followed by ₹320. On the upside, resistance is placed at ₹350–₹355, and a close above ₹355 could open targets of ₹370–₹380 in the near term. Price Action Note: The stock’s higher low formation and consistent volume pickup indicate renewed buying interest, with momentum gradually building toward a potential fresh swing high. Fundamental Snapshot: Eternal continues to ride on strong demand in the infrastructure and industrial piping segment, supported by the government’s water and sanitation initiatives. The company’s expanding product line in PVC, HDPE, and CPVC segments, coupled with improving distribution reach, keeps its growth outlook healthy. Outlook: Bias remains bullish as long as ₹330 holds. Sustaining above ₹345 could lead to a fresh upward leg toward ₹370+. Traders can consider booking partial profits near resistance zones while maintaining a bullish stance for the medium term.