Wednesday, June 3, 2015

HDIL Elliott Wave analysis achieved its target today 3rd June 15

HDIL Elliott Wave analyses was done on  14/15th May 15 when the price was 108 and today it reached 87 as predicted, the following commentary on 15th May  was-

“Time is a critical factor in Elliott waves, the correction should always take atleast 38.2% of the time. generally between 38- 62 % and knowing this fact we should not enter HDIL for there is more correction to be made.
Price wise, you have seen 50% correction and still 38% time is to be met which will be met not before 8-10 trading days (visual interpretation). This opens the case of 62% retracement level which lies at 87. Wave C is going on.” Click here for Previous Report HDIL Elliott Wave- Price and Time Analysis 15 May 2015

Today, as of 3rd June 15, HDIL reached that 86 target zone! This 20% decline possibility was already predicted on many days prior to happening. Elliott wave provides a great perspective for when a trader must be in the market and when he must get out or when he should wait on the sideline for a better time to come, or to hunt for another stock with better possibilities. 
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Earl Hardesty said...

Thanks Ruchir sir for sharing this post, it is very informative post regarding trading with elliott wave.