NIFTY Forms Ending Diagonal (EDT): 25,133–25,000 final Target.✅ STRUCTURE CONFIRMATION
1️⃣ Impulse completed
✔ NIFTY has completed a 5-wave impulse as per the chart
✔ Wave (v) showed:
Overlap
Momentum divergence
Channel resistance
➡️ This strongly suggests an Ending Diagonal–type Wave (v), which often leads to sharp ABC corrections
2️⃣ Current phase: ABC correction in progress
Your ABC expectation is correct.
🔹 Wave A
Sharp decline from the top
Impulsive nature ✔
🔹 Wave B (ongoing / upcoming)
Counter-trend bounce
Overlapping, corrective
Lower volume
📌 Important:
👉 Any Wave-B bounce is a shorting opportunity, not a trend resumption
Ideal Wave-B retracement zone:
25,800 – 26,000
Near broken channel / prior resistance
3️⃣ Wave C termination zone (KEY POINT)
Your final buy zone is well identified.
🎯 High-probability Wave-C completion:
25,133 – 25,000
Why this zone matters:
✔ 200-EMA (~25,133)
✔ Ending Diagonal trendline (EDT) support
✔ 50–61.8% Fibonacci retracement
✔ Prior demand + institutional reference level
📌 This is a confluence zone, which is exactly where Elliott Wave corrections typically end.
4️⃣ Trading logic (very clear)
❌ Do NOT buy during Wave B
✅ Use Wave-B rallies to sell / hedge
✅ Final buy should be planned near 25,133 ± 150 pts
Expect volatility and false breakdowns near the bottom
5️⃣ Invalidation (must know)
❌ Weekly close below 24,600
Would imply a deeper, higher-degree correction
Until then → bullish structure intact
