A reader asked how to deal with freak price movements, and cited the stock of Ashok Leyland as an example. Apparently, such movements are common in mid-cap stocks.
Well, I decided it is worth the time to look at Ashok Leyland, and here is the Elliott Wave Analysis. As you can see, we need to make an honest effort to fit in all GENUINE market movements (sometimes we get a bad tic in the chart, like some crazy trader updating an incorrect price that gets picked up by the system. Such bad tics can be ignored).
Click for Ramki’s Book
Special Update: Reminder
Subscribe for Free
Seeking Alpha Gold Certification
Ramki’s articles on FORBES
Ramki’s Elliott Wave articles on MARKETWATCH
Ramki’s Articles on Seeking Alpha
- Elliott Wave Analysis of Dubai Stock Index (DFM Gen Index) (4)
- Elliott Wave Analysis of India’s Sensex – October 2012 (92)
- ICICI , L&T, and Unitech: Elliott Wave update of some popular Indian Stocks (40)
- Elliott Wave Analysis of Hindustan Unilever Ltd (6)
- Trading Apple using Elliott Waves (4)