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. To read the full article click here- http://ruchirgupta.co.in/hdil-elliott-wave-analysis-achieved-its-target-today-3rd-june-15/