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

SRF LTDNSE

Description

⋅ Aug 28, 2017 9:23 AM

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, in.tradingview.com/x/JR0zn0ZA/.

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

⋅ Sep 6, 2017 2:01 PM

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.