NIFTY respected the support zone around 25,855 – 25,900 and reacted strongly, confirming a potential wave (ii) low. As long as this support holds, the bullish structure remains intact.
Key Levels
🟩 Support Zone: 25,855 – 25,900
🔻 Major Support: 25,713
📌 Above 25,713, bullish momentum continues
Upside Targets
🎯 26,377
🎯 26,755 (Major resistance + projected Wave (iii) completion)
Technical Notes
RSI showing bullish divergence + trendline breakout attempt
Price bouncing from channel support & Fib zone
Wave (iii) upside structure remains valid above support
Trade Bias
📌 Buy on dips near 25,855–25,900
📌 Holding above 25,713 keeps bullish trend intact
📌 Break above 26,377 may accelerate momentum towards 26,755
View
Expect upward move towards 26,377 / 26,755 if support holds
Disclaimer
Educational Elliott Wave study. Not financial advice. Trade with risk management.
Key Levels
🟩 Support Zone: 25,855 – 25,900
🔻 Major Support: 25,713
📌 Above 25,713, bullish momentum continues
Upside Targets
🎯 26,377
🎯 26,755 (Major resistance + projected Wave (iii) completion)
Technical Notes
RSI showing bullish divergence + trendline breakout attempt
Price bouncing from channel support & Fib zone
Wave (iii) upside structure remains valid above support
Trade Bias
📌 Buy on dips near 25,855–25,900
📌 Holding above 25,713 keeps bullish trend intact
📌 Break above 26,377 may accelerate momentum towards 26,755
View
Expect upward move towards 26,377 / 26,755 if support holds
Disclaimer
Educational Elliott Wave study. Not financial advice. Trade with risk management.
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.