WavesandZones

{ZYDUS}:{DETAILED ANALYSIS USING ELLIOT WAVE NOMENCLATURE}

NSE:ZYDUSLIFE   ZYDUS LIFESCIENCES


Wave 1 is complete, Here the Wave 1 is a Leading Diagonal which tells us the Wave 3 will be way stronger than what we come accross generally;


Wave 2 has retraced Wave 1 by 61.80% which is a Golden Ratio and Fibonacci goes perfectly with the Waves logic,
Now Wave 3 is forming


According to the Fibo Ext tool we have the 1.618 Golden Level giving us the Target for ZYDUS on the Long Run.

This Analysis is done in the Higher Timeframes so consider the time accordingly only,

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.