HDIL Elliott Wave Analysis a broader review. What I updated on 15th May 15 was the correction to 5 waves that started on 14th Dec 14. HDIL achieved its target. Now, lets look at the even bigger picture and where we stand in it. Preferred view is that the full 5 waves trend that started on August 2013, is under correction. While, the alternative view is that 1,2,3,4 are complete what has been labeled as 5th is 1st of the 5th wave. Volume analysis very much clarifies these doubts, and they suggest the preferred count.
Preferred Elliott Wave Count Analysis
For now, I am analyzing HDIL based on our preferred count, will interfere with new counts if alternate count shows its symptoms.
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