ParamjitMahapatro

SRF EW analysis - sub wave C of wave (2) is going on here.

NSE:SRF   SRF LIMITED
In monthly, ew count shows that sub wave C of wave (2) is going on here.

Here are the fractals of wave (2) in daily, .

fibo extension of sub wave C. . 1(1251), 1.272(1085) quite possible here.

fibo retracement levels for wave (2). .382(1235), .5(1000) quite possible here.
Comment: in daily, it is showing strength, price broke out of descending channel, without any rise in volume, it should be a retracement to the current downtrend, but overall picture is bearish.
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