According to reports from Bajaj Broking, analysts have identified two key technical breakouts that support their bullish stance on Eternal stock. The brokerage highlights a key breakout above the major falling supply line joining the highs of October 2025 (₹368) and February 2026 (₹308). As reported by Bajaj Broking, the stock has been sustaining above the breakout zone, signalling a reversal of the corrective trend and offering a fresh entry opportunity for investors.
As reported by Bajaj Broking, analysts have also flagged a bullish crossover of 20- and 50-day exponential moving averages (EMAs). According to the brokerage's report titled 'High Conviction MTF pick', the 20-day EMA has moved above its 50-day EMA, highlighting strength and momentum of the last 20 days being higher compared to the last 50 days. This technical setup supports the positive bias for the stock and indicates improving momentum in the near term.
According to Bajaj Broking, Eternal stock is currently trading at ₹259 with a buying range of ₹254-₹260 and a target price of ₹260 over a 6-month time duration. The stock has been consolidating in the range of ₹235-₹265 for the last nine weeks, which analysts believe is approaching maturity and may soon resume its upward movement.
As reported by Bajaj Broking, analysts expect the stock to head toward ₹290 level over the coming months, which represents the 50 per cent retracement of the entire decline from ₹368 to ₹213 and the measuring implication of the recent consolidation range. The brokerage sees immediate support for Eternal stock placed around ₹235-₹240 levels, being the last two months lows and the key retracement of the recent pullback from ₹213 to ₹265. Additionally, the daily Moving Average Convergence-Divergence (MACD) has given a buy signal by crossing above its 9-period average and is seen sustaining above the same, suggesting improving momentum.
