DHFL has been in a strong downtrend ever since it
tested the 691.50 in September 2018. This down move was captured with the help
of Elliott wave and channelling techniques which helps in predicting the target
levels.
Below
is the chart with detailed analysis published in our report - “The Financial Waves STU”
DHFL: 60 mins chart: (Anticipated
as on 03rd June, 2019)
DHFL
60 mins chart: (Happened as on 07th June, 2019)
(Below
is the extract taken from our daily equity research report)
Anticipated
as on 03rd
June,2019: On the daily chart we can see the prices have been
moving in a downward slopping channel, currently we are currently taking a
resistance at the upper trendline of channel. If we observe the candle closely
prices are moving sideways for the past 18 session between the 99 and 132
levels. As per the wave theory we are currently moving in the form of wave a on
the downside post completion wave x near the level of 132.
In short the trend
for DHFL seems to be sideways to negative and break below 102 will resume the
downtrend. We can then expect a move towards 90 or lower levels.
Happened as on 07thJune,2019- Prices
moved in line with our expectations, with a gap down from 101 levels and moved down
towards 80 levels.
The
above analysis clearly shows how well Elliott wave and channeling technique
works and we have a proven track record for the same. Get access to the daily
equity research report and know how to capture good trading opportunity over
short term in our daily “The Financial
Waves short term update”- Get access here
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