Wednesday, 18 February 2015

HCLTECH

I am posting Elliott wave analysis of monthly chart of 'HCLTECH' to understand it's structure.




In daily chart, the price seems to be in primary wave [5] and a double top is forming. I do not think that there is much up side is left before the A, B, C wave correction.



Disclaimer: This and all the ideas I present are for educational purpose only.