U(R) Truce on the Way – Nifty: Nervous to Nirvana! ElliottWave
Life and markets share a common truth:
Decisions made at crossroads define the journey ahead. Whether it's turning left or right at an intersection or navigating the ever-changing waves of financial markets, one thing remains constant—preparation is key.
In trading, emotions often cloud judgment. The impulsive, last-minute decisions taken without a backup plan lead to uncertainty, just as a driver who hesitates at a crucial turn may end up lost. If you don’t prepare in advance, you will always be at the mercy of emotions rather than logic.
I’ve always warned about hidden market paths, sharing insights through stocks like BHEL, ONGC, and others that signaled Nifty’s nervousness well before it unfolded. If you ignored the signs or failed to rethink, then neither I nor anyone else can help—because wisdom lies in learning before mistakes become losses.
As someone once said:
👉 If you learn from your own mistakes, you’re intelligent.
👉 If you learn from others’ mistakes, you’re a genius!
Now, coming back to our topic:
The Ukraine-Russia Truce & Nifty’s Grand U-Turn?
The war between U (Ukraine) & R (Russia) seems to be moving towards a truce, but only time will confirm its reality. However, technically, Nifty has been unfolding a wedge pattern since December 2024—a structure known for its time-consuming, overlapping movements across multiple wave degrees.
On January 29, 2025,
I proposed a falling wedge scenario with a key requirement: Nifty must overlap 22,537 to confirm the pattern
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By Budget Day (February 1, 2025)
Not only did Nifty hit this level, but it surged to 23,807 on February 5, adjusting the structure to an expanding wedge — a rare phenomenon .
6th Feb 2025 - Expanded Ending Diagonal
Last Wave Pending Downside (One Day Before RBI Policy on 7th Feb 2025)
Copyright of WaveTalks
11th Feb 2024 - What a fall in Expanded Ending Diagonal
Copyright of WaveTalks
What’s Next? The Big U-Turn?
If this pattern completes in the current zone and starts bouncing upwards, we might witness Nifty’s journey from Nervous to Nirvana—a potential upside move towards 25,000, possibly even 26,277 for a new high!
Are We Ready for the Grand Turn?
Just like life, trading is about preparation. Those who anticipate the next wave will ride it effortlessly; those who hesitate will be left watching.
Stay tuned as this unfolds—Catch me with another exciting idea from WaveTalks…
Market Whispers! Can You Hear Them?
Regards,
Abhishek
