Indian equities started the week on a positive note with select midcap and infrastructure-linked stocks gaining momentum. Notably, Eternal Ltd. and SJVN Ltd. showed strong technical setups, backed by rising volumes and improving momentum indicators, catching the attention of technical traders.

Eternal Ltd. CMP: ₹258, Stop Loss: ₹235) surged 5% in today’s session, showing early signs of a bullish reversal. A golden crossover on the MACD chart, where the MACD line crosses above the signal line, suggests rising momentum and potential trend strength. Additionally, the Relative Strength Index (RSI) is on an upward trajectory, indicating increasing buying interest in the stock.

Source: NSE

Eternal Ltd. primarily operates as an internet-based platform that connects users, restaurant partners, and delivery agents. The company offers a digital ecosystem that allows restaurant partners to advertise and reach targeted customers across India and abroad.

SJVN Ltd. (CMP: ₹103, Stop Loss: ₹94) posted a solid 4% gain as the stock rebounded sharply from its 9-day moving average, a key support level often used by momentum traders. The MACD and RSI indicators are both trending positively, suggesting bullish sentiment may continue in the short term if volume sustains.

Source: NSE

SJVN Ltd. (Satluj Jal Vidyut Nigam) is a state-owned company engaged in the generation of electricity, with a primary focus on hydroelectric power. It is also active in providing consultancy services for hydro-power projects, playing a key role in India’s clean energy transition.

As technical breakouts gain attention, these stocks are showing early signs of bullish continuation. Traders and investors may watch closely for follow-through action in the coming sessions.

Note: Charts and prices are as of 1 PM.

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