ETERNAL Path Ahead with Time Cycle and Elliott wave combined!
May 07, 2025
Elliott wave is the GPS of the market that helps to understand the overall maturity of the trend. Eternal Ltd is at an important juncture along with Time cycle ongoing. By combining the advanced Elliott wave with Time cycle, one can forecast further path for the stock.
New traders want to trade and capture every moves & on other hand seasoned ones know the real money lies in sitting tight and try to capture the best of the 3rd wave.
ETERNAL weekly chart
On the above chart, we can see how our selected time cycle 144 weeks had played out so perfectly. Time cycle has consistently captured all the recent lows before prices saw a sharp rise on the upside which can be seen clearly on the above chart. Recent low was also captured by this cycle which was made in the month of April 2025 near 195 levels and from it prices saw sharp reversal on the upside of nearly 24% already. A break above 245 can turn cycle on the buy side.
As we can observe, ETERNAL have been moving in sync with our wave counts. Primary wave (1) recently got completed on the upside in September 2024 and since the entire fall has been unfolding in the form of wave (2) which is further subdividing in nature. Wherein, it looks to be unfolding in the form of an irregular flat pattern (3-3-5) as wave b has retraced more than 100% of wave a. For now, a decisive break above 245 levels can confirm completion of wave (2) on the downside. Then the rise would be in the form of primary wave (3).
On the above chart, prices have retraced more than 38.2% of the prior fall and now with follow up buying we can expect prices to retrace minimum to 61.8% i.e. 259 levels.
In a nutshell, Eternal looks to be at the important juncture. A break above 245 levels can turn cycle on the buy side and can also confirm completion of wave (2) on the downside. Once this happens, fresh rise can be seen in the form of wave (3). On the downside, 210 is the nearest support to watch out for!
We can conclude by saying that when Price, Time, and advanced Elliott wave when all in sync it can lead to interesting results even in stocks.
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