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

13 พ.ค. 2023

https://www.tradingview.com/x/IO5zYWMx/


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;

https://www.tradingview.com/x/Cn6ApRkB/

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

https://www.tradingview.com/x/udzeHb9l/

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,