Why Hamilton Lane's Correction Isn't Over Yet

Core Insights - Hamilton Lane Inc. is currently in Phase 11 of its 18-phase Adhishthana cycle, indicating that the stock is in the descent leg of its Adhishthana Himalayan Formation, suggesting potential further downside before stability returns [1][5]. Summary by Sections Adhishthana Framework - Under the Adhishthana Principles, stocks typically form a Cakra structure between Phases 4 and 8, which has bullish implications. A breakout in Phase 9 initiates the Himalayan Formation, leading to a multi-leg rally [2]. - Hamilton Lane's stock entered Phase 4 in 2020, traded within its Cakra until 2023, and broke out in Phase 9, resulting in a nearly 30% rally followed by an 88% surge in Phase 10, peaking at approximately $203.72 [4]. Current Stock Performance - Following the peak, Hamilton Lane has entered the descent leg, retracing earlier gains, which is a natural part of the cycle according to the Adhishthana framework. The stock initially broke out of its Cakra near $95 and is currently around $125, indicating potential for further correction before reaching equilibrium [5][6]. Investor Outlook - The ongoing descent leg suggests that patience is essential for investors. The Adhishthana cycle indicates that further corrections may occur before a new base forms. Future opportunities may arise in Phase 12 once the stock stabilizes near its original breakout point [6].