🧠 Nifty Elliott Wave Analysis | Accurate Highs & Bottoms Predicted | Next Move Explained
I had accurately predicted both the top (Wave III) and the bottom (Wave IV) of the Nifty move — as seen in the attached chart 📈
The corrective zone at Wave C / 3 and the final retracement completion around Wave 4 were both identified in advance, confirming the accuracy of our earlier projection.
🔍 Current Technical Outlook
Nifty has completed its Wave (IV) correction and is now attempting to form an impulsive Wave (V) move.
Price is currently trading around 25,880, taking resistance near the extended retracement zone of the previous swing high.
If this level is crossed and sustained, the next upside momentum can unfold in multiple stages as shown below.
📈 Upside Projections
Next Resistance Zone: 26,645 – 27,100
🔸 Price may slow down or move sideways to retest the breakout here.
Major Profit Booking Zone: 27,892 – 28,322
🔸 This is a key Fibonacci extension and Wave (V) target area where partial booking is advised.
⚙️ Support & Risk Levels
Immediate Support: 25,814 – 26,000
Major Support: 25,306
Critical Support / Reconfirmation Zone: 24,010 (Failed Wave B / Wave 2 zone)
📉 If prices fail to hold 25,800–25,300, we may see a retest toward 24,000–24,200, which would only delay but not invalidate the long-term bullish structure.
🧭 Expected Price Behaviour
As long as Nifty stays above 25,300, the Wave (V) uptrend remains intact.
Prices can show sideways consolidation or retest near the breakout before pushing higher.
Any strong breakout above 26,650–27,100 can open the gate for 28,000+ targets.
⚠️ Keep Watch & Stay Cautious
Watch for rejection candles or low-volume breakouts near 26,600–27,000 zone.
Stay alert for profit booking or reversal signals near 27,800+.
Ideal approach: Buy on dips, book partial profits near resistance, trail stop-loss.
📅 Posted on: 30 Oct 2025
I had accurately predicted both the top (Wave III) and the bottom (Wave IV) of the Nifty move — as seen in the attached chart 📈
The corrective zone at Wave C / 3 and the final retracement completion around Wave 4 were both identified in advance, confirming the accuracy of our earlier projection.
🔍 Current Technical Outlook
Nifty has completed its Wave (IV) correction and is now attempting to form an impulsive Wave (V) move.
Price is currently trading around 25,880, taking resistance near the extended retracement zone of the previous swing high.
If this level is crossed and sustained, the next upside momentum can unfold in multiple stages as shown below.
📈 Upside Projections
Next Resistance Zone: 26,645 – 27,100
🔸 Price may slow down or move sideways to retest the breakout here.
Major Profit Booking Zone: 27,892 – 28,322
🔸 This is a key Fibonacci extension and Wave (V) target area where partial booking is advised.
⚙️ Support & Risk Levels
Immediate Support: 25,814 – 26,000
Major Support: 25,306
Critical Support / Reconfirmation Zone: 24,010 (Failed Wave B / Wave 2 zone)
📉 If prices fail to hold 25,800–25,300, we may see a retest toward 24,000–24,200, which would only delay but not invalidate the long-term bullish structure.
🧭 Expected Price Behaviour
As long as Nifty stays above 25,300, the Wave (V) uptrend remains intact.
Prices can show sideways consolidation or retest near the breakout before pushing higher.
Any strong breakout above 26,650–27,100 can open the gate for 28,000+ targets.
⚠️ Keep Watch & Stay Cautious
Watch for rejection candles or low-volume breakouts near 26,600–27,000 zone.
Stay alert for profit booking or reversal signals near 27,800+.
Ideal approach: Buy on dips, book partial profits near resistance, trail stop-loss.
📅 Posted on: 30 Oct 2025
Trade active
NIFTY has been moving exactly in line with my predictions so far — and now, a fresh NEW HIGH looks well within reach.
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.