SWARAJENG

I am posting Elliott Wave Analysis of weekly chart of 'SWARAJENG' to understand it's structure. It seems that intermediate wave (5) is completed and the stock is correcting to complete it's three wave correction. Wave (A) and wave (B) has completed and the price is in minor wave 3 of wave (C). On looking the minor wave 1 of wave (C), it seems that the five wave structure of wave (C) will complete on or beyond  the fibonacci 50% retracement of wave structure wave (1) to wave (5), on or beyond level 535.74.

Disclaimer: This and all the ideas I present are for educational purpose only.