Zydus
{ZYDUS}:{DETAILED ANALYSIS USING ELLIOT WAVE NOMENCLATURE}
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,
{ZYDUS}:[{NOW COMES THE FALL OF 12.90%}]
Price has reacted to a Monthly Source Supply in the left side, Destination Demand is @ 454.50
We have a Confirmation in Daily hoping it is not a "False Breakout", the Reward to Rito ratio of 7:1, justifies the only little risk, or you can also wait for a confirmation in Weekly chart and enjoy Reward to Risk ratio 2:1
ENJOY THE RIDE ! ! !
{ZYDUS LIFESCIENCE}:{(SHORT POSITION)FOR{4:1}}
After being in an UPtrend for a while now, Its correction time Price will retrace back to the Fresh Monthoy Demand and will again presume Buying for long term, Investment Traders can book their Profits and add again when Price reaches the Monthly Demand.
ENJOY THE RIDE !!!
The Brackets come naturally bein a coder!!!
Time to go long on PIRS, very long.The has been absolutely no fundamental change to this bio company that has multiple big pharma partners. Yet due to the overall biotech downturn NASDAQ:PIRS was hit pretty hard. This presents a true 10 bagger opportunity , and Im not even remotely stretching the truth. The technicals show you why right now is the PERFECT time to buy. A little due diligence will show you why its a must hold in 2016.
As you will find here --> there is plenty in the pipeline, both propietary and partnered. And when your partners are this strong, its hard to fail.