Wrap up:-
Nifty has made breakout below the rising wedge on 09.01.2026 and thereafter, it has retested the breakout on 03.02.2026.
Further, Nifty has made breakdown below 24604 which is 38.6% of total rise i.e. from 21743 to 26373. Thereafter, it is assumed/weightaged that wave 5 has been completed. Now, wave C is running for a min. target of 23359-22647.
In wave c, wave 1 is completed at 25473, wave 2 at 26341 and wave 3 is currently in progress.
In wave 3, inner wave 1 is completed at 25641 and wave 2 is completed at 25771. Now, wave 3 is in progress.
What I’m Watching for for the week March 02-06, 2026🔍
Now, wave 3 is heading for a probable target of 25071-24885-24531.
Disclaimer: Sharing my personal market view — only for educational purpose not financial advice.
"Don't predict the market. Decode them."
Nifty has made breakout below the rising wedge on 09.01.2026 and thereafter, it has retested the breakout on 03.02.2026.
Further, Nifty has made breakdown below 24604 which is 38.6% of total rise i.e. from 21743 to 26373. Thereafter, it is assumed/weightaged that wave 5 has been completed. Now, wave C is running for a min. target of 23359-22647.
In wave c, wave 1 is completed at 25473, wave 2 at 26341 and wave 3 is currently in progress.
In wave 3, inner wave 1 is completed at 25641 and wave 2 is completed at 25771. Now, wave 3 is in progress.
What I’m Watching for for the week March 02-06, 2026🔍
Now, wave 3 is heading for a probable target of 25071-24885-24531.
Disclaimer: Sharing my personal market view — only for educational purpose not financial advice.
"Don't predict the market. Decode them."
Trade closed: target reached
Target achieved
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.
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.