Stereophotogrammetry was adopted as means to measure three-dimensional displacements of soil specimen surface in triaxial tests. New developments include an efficient algorithm which resolves the relative displacements with high precision to order of 10−3mm, and strains in common-size soil specimens to order of 10−3%, while correcting for ray refraction effects caused by pressure cell wall and water. The system, requiring only sets of compact-type digital cameras as hardware, allows determining a stiffness-strain curve over wide strain ranges spanning from 10−3% to virtually any large strain with a fixed configuration. This paper explains the proposed image analysis processes, which combines ray tracing formulation by Zhang et al. (2014), Particle Tracking Velocimetry (PTV) and sub-pixel Digital Image Correlation (DIC) in efficiently deriving accurate and precise relative displacements. Rigorous assessment of the accuracy and the precision was conducted. As demonstration, two undrained triaxial compression tests on reconstituted clay were performed with and without end lubrication. Both for small-strain (<0.05%) axial loading-unloading cycles and for monotonic loading to large axial strain (15%), the strain development was tracked and the specimen behaviour was characterised. These tests demonstrate that the new technique can be a useful option in soil laboratory both for research and practice.