Bank Nifty Outlook: Structure, Levels, and the Bigger Wave 5 Path

 Bank Nifty continues to trade inside a well-defined rising channel after completing an impulsive 5-wave advance from the October lows. The recent correction has been shallow and held firmly above key channel support, suggesting that a larger trend continuation may be underway.

Price is currently attempting to form a higher low above the 59500-59150 zone, which keeps the bullish structure intact.

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1. Wave Structure

• The index has completed a clear 1-2-3-4-5 sequence.

• Wave 4 was shallow and did not break structural supports.

• Price is now attempting to begin the next leg, which could unfold as the larger Wave (5).

As long as the index holds above the mid-channel, the bullish wave count remains valid.

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2. Key Resistance Zones

These levels must be cleared for strong continuation:

• 60150 – First breakout trigger

• 60500 – Short-term resistance

• 61140 – Mid-channel breakout level

• 62770 – Wave 3 zone of the larger degree

• 63900 – Upper channel resistance

• 68140 – Big-picture Wave 5 target zone

A sustained close above 60500 is the first confirmation.
A breakout above 61140 ignites momentum toward 62770 and 63900.

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3. Key Support Zones

Supports remain layered and well-structured:

• 59500 – First immediate support

• 59150 – Strong base support

• 58570 – Channel support

• 57628 – Major wave 2 retracement region

• 56850 – Line-in-the-sand support

• 55355 – Last strong support (wave 2 box)

A drop below 58570 delays the bullish view, while a fall below 57628 shifts sentiment to short-term bearish.

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4. RSI and Momentum

RSI is rising from lower levels, showing early momentum recovery after a corrective decline.
No bearish divergence at the moment, which supports the continuation bias.

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5. Overall View

Bank Nifty maintains a bullish bias as long as it trades above 58570-57628.
The structure continues to favor buy on dips until the rising channel is broken.

A breakout above 60150-60500 could begin a new leg of upside, targeting:

• 61140

• 62770

• 63900

• 68140 (bigger picture)

Short-term dips into 59500 or 59150 remain attractive zones for buyers as long as the overall channel structure is protected.

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Disclaimer

This analysis is for educational purposes only and reflects personal market interpretation.
Not investment or trading advice.

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https://in.tradingview.com/chart/BANKNIFTY/TfZ9Boju-Bank-Nifty-Outlook-Structure-Levels-and-the-Bigger-Wave-5-Pat/

Sensex Trend Update – Bullish or Bearish?

 

SENSEX – Key Update | 3 Possible Paths Ahead

Structure:
Sensex continues to respect the medium-term bullish channel. The recent pullback into the support band around 84,300 – 83,700 has likely completed wave 4, and the index is now attempting a fresh upside rotation.

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🔵 Scenario 1 – Bullish Continuation (Most Probable)

• Price reclaimed the breakout zone near 85,291 – 85,655.

• Sustaining above this band confirms upward strength.

• Immediate target zone → 86,934 – 88,058 (Wave 3 internal zone).

• Strong extension possible into the 90,355 cluster, aligning with Wave (3) resistance.

Trigger: Clean breakout above 85,655 → momentum opens toward the blue target box.

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🟡 Scenario 2 – Deeper Wave (2) Retest (Moderate Probability)

• If Sensex re-rejects 85,291 / 85,655, it may revisit the orange demand zone.

• Key support cluster → 83,721 – 82,191.

• This zone is still bullish structurally as long as 81,100 is protected.

• A dip into this zone prepares a stronger Wave 3 rally later.

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🔴 Scenario 3 – Bearish Breakdown (Low Probability)

• Breakdown below 82,191 → opens retest of major weekly support at 81,100 → 80,482.

• Only a close below 79,734 invalidates the bullish Elliott Wave structure.

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📌 RSI Observation

• RSI has turned upward from mid-range, matching price reaction from support.

• No bearish divergence currently.

• Supports probability of a continued upward leg.

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🎯 Major Levels

Upside:
86,160 → 86,934 → 88,058 → 89,555 → 90,355 → 92,450 → 94,555

Downside:
84,677 → 83,721 → 82,191 → 81,100 → 80,482 → 79,734 (critical)

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📘 Summary

Sensex is at a decision point. Holding above 85,291–85,655 keeps bulls fully in control, targeting 86.9k → 88k → 90.3k.
Rejection here only delays the upside; deeper support test remains structurally bullish as long as 79,734 holds.

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📌 Disclaimer

This is purely for educational and chart-study purposes. Not financial advice. Do your own research before trading.

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https://in.tradingview.com/chart/SENSEX/GXiaptw3-Sensex-Key-Levels-and-Market-Outlook/

NIFTY – Falling Wedge + Demand Zone Confluence (Strong Reversal Setup) - 11-DEC-2025

 Timeframe: 1H

Price has entered a major support cluster between 25,693 → 25,543, aligning with:

• Falling wedge lower boundary

• Multiple horizontal demand levels

• Oversold RSI zone

• Prior reaction area (strong memory zone)

Both price and momentum are showing early reversal signs, though confirmation is still required.

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🔵 Primary Expectation (Bullish Reversal – HIGH Probability)

If Nifty holds above 25,693 / 25,675,
➡️ A breakout above the wedge may trigger a fast move toward:

Targets:

• 26,000 – first reaction zone

• 26,250 – major structural level

• 26,320–26,400 – wedge-measured move + liquidity zone

A clean hourly candle above the wedge will confirm momentum.

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🟠 Secondary Scenario (Dip Before Reversal)

If Nifty dips into 25,637 → 25,543,
➡️ Expect a stronger reversal from the orange box.
This region holds the most powerful cluster of supports.

A wick below is possible but not a close.

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🔴 Bearish Case (LOW Probability)

Only a close below 25,543 opens the door for:
➡️ 25,318 retest
This is currently the extreme opposite side of the structure.

As long as 25,543 holds, trend remains favorable.

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Summary

Nifty is sitting inside a high-probability reversal zone created by the convergence of a falling wedge and multi-layer demand.
Upside targets open quickly once the wedge breaks.

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Disclaimer

This is a personal market view for educational purposes only — not investment advice.
Always consult your financial advisor before trading.

https://in.tradingview.com/chart/NIFTY/zDft29wj-NIFTY-Falling-Wedge-Demand-Zone-Confluence-Strong-Reversal/

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SENSEX – Elliott Wave Structure Turning Bullish Again (Wave 5 in Progress) - 10-Dec-2025

 Timeframe: 3H | Structure: Impulse (1-2-3-4-5)

Wave 4 has likely bottomed, and SENSEX is slowly grinding upward from the demand zone. The structure continues to respect the rising parallel channel — a strong sign that Wave 5 is active.

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🔍 Key Observations

🟦 1. Wave Count Update

• Wave (4) completed inside the lower channel support.

• Wave (5) of 3 already finished at the previous high zone.

• Current move is expected to be Wave (5) of the larger degree, aiming for new ATH.

🟩 2. Major Supports

• 82,960 – Strong structural support

• 82,255 – Wave 4 invalidation zone

• 81,625 – Deep pullback but still bullish if held

As long as 81,625 holds, the bullish count remains intact.

🟦 3. Immediate Upside Levels

• 86,160 – 86,955 → First reaction zone

• 88,088 – 89,055 → Wave 3 extension pocket

• 90,355 → Key breakout level

• 92,455 – 92,970 → Larger degree Wave (3)/(5) zone

• 94,555 → Final SENSEX target for this impulse

• 100,800 → Extreme Fibonacci extension (long-term only)

🧭 4. Momentum Check

• RSI trending upward from oversold region.

• No bearish divergence at the moment.

• Favoring continuation toward upper supply zones.

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🎯 My Final View (Straightforward & Simple)

If 82,255–82,960 continues to hold, I expect:

👉 Wave 5 → 86,955
👉 Then push toward 89,055 – 90,355
👉 Final projection: 92,970 → 94,555

Structure stays bullish unless 81,625 breaks.

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⚠️ Disclaimer

This is purely educational Elliott Wave analysis, not a buy/sell signal. Markets carry risk — please trade with your own research, risk management, and financial advice.

https://in.tradingview.com/chart/SENSEX/vpnU2yDm-SENSEX-Elliott-Wave-Structure-Turning-Bullish-Again-Wave-5/

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BANKNIFTY DAILY – ELLIOTT WAVE OUTLOOK - 10-Dec-2025

🔷 Overall Structure

BankNifty continues to move inside the rising parallel channel, following a clean impulsive pattern. The larger count remains bullish as long as the price holds above the mid-channel support.

Three sub-wave scenarios exist, but all converge toward a bullish continuation unless major supports break.

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🟩 PRIMARY BULLISH COUNT (Preferred)

Wave (3) in progress

• Wave (1) and (2) completed clearly

• Current rise fits Wave (3) internal structure

• As long as price stays above 58,520–57,628, this remains the highest-probability path

Upside Levels for Wave (3):

• 62,300

• 63,471

• 67,351 (major Wave-3 completion zone)

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🟦 EXTENDED WAVE 3 SCENARIO

If the trend accelerates:

Targets expand to:

• 71,011 – 73,354 (higher fib cluster)

• This zone aligns with upper channel and typical 1.618 extension of Wave 1

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🟧 LARGER WAVE (5) PROJECTION

Long-term channel + fib supports:

Final Wave (5) zone:

• 80,893 – 83,382
  This region is where the entire 5-wave structure can complete.

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🔻 CORRECTION SCENARIO (Healthy Pullback Only)

A corrective dip remains valid above 57,600.

Watch these levels:

• 58,520 (first demand)

• 57,628 (strong support)

• 57,355 (lower channel retest)

Only below 55,977 the wave count shifts into a deeper corrective mode.

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📌 Momentum

• RSI cooling down but still respects trendline

• No major bearish divergence on the higher TF

• Consolidation expected before next leg up

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🎯 Summary

• Trend intact above 58,520

• Breakout above 60,114–60,121 resumes bullish move

• Targets ahead → 62,300 → 63,471 → 67,351 → 71,011/73,354 → 80,893+

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⚠️ DISCLAIMER

This is only educational charting based on Elliott Wave structure. Not financial advice.

https://in.tradingview.com/chart/BANKNIFTY/RqJiHBqE-BANKNIFTY-DAILY-ELLIOTT-WAVE-OUTLOOK-10-Dec-2025/

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TATAPOWER – MONTHLY CHART | MAJOR WAVE 5 SETUP | MULTI-YEAR BREAKOUT 🚀

 Price: ₹376 • Timeframe: 1M • Trend: Long-Term Bullish

Structure: Elliott Waves + Rising Channel + Fibonacci Targets

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🔷 LONG-TERM STRUCTURAL VIEW

Tata Power has completed a 10+ year accumulation and broken into a long-term uptrend since 2020.
Price is respecting a strong rising channel, with multiple clean touches on both upper and lower boundaries.

The market is currently in a multi-year impulsive cycle, following a textbook Elliott Wave structure.

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📌 ELLIOTT WAVE OVERVIEW

Primary Count

• Wave (1): Breakout from long-term base

• Wave (2): Pullback to channel support

• Wave (3): Strong rally into 2023 highs

• Wave (4): Current consolidation phase

• Wave (5): Projected upward expansion (targets below)

Subwave Count

Clear subwave notations (1)-(2)-(3)-(4)-(5) seen inside the major impulsive structure.

Wave 4 is forming high-timeframe support between ₹347–₹450.

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📌 SUPPORT ZONES

Level	Importance
₹450	Immediate resistance turned support candidate
₹347	Major Wave (4) support zone
₹282	Strong structural support
₹182	High-timeframe base level
₹27	Legacy low (unlikely to be seen again)

As long as price stays above ₹347, Wave 5 remains intact.

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📌 RESISTANCE & TARGET ZONES

Wave 3 Zone (Already Hit)

• ₹621 → ₹657 → ₹721
  This was the previous high-volume rejection block.

Wave 5 Major Projection Zones

Primary Wave 5 Target

• ₹721 → ₹883 → ₹999

Extended Wave 5 Target

(If momentum accelerates)

• ₹1,050 → ₹1,250
  (not shown on chart but possible on extended fib cycles)

The blue box around ₹883–₹999 is the strongest high-probability target zone for 2026–2028.

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🔥 CHANNEL STRUCTURE

The price is moving inside a well-defined ascending channel:

• Lower blue channel line = perfect support during Wave 2 & Wave 4

• Midline acts as a reaction zone

• Upper channel line projects Wave 5 targets around ₹883–₹999

Channel geometry strongly supports the Wave 5 upward leg.

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🔵 RSI MOMENTUM (MONTHLY)

• RSI is currently holding above 51

• The previous overbought region (Wave 3) is cooling off naturally

• No bearish divergence on the larger trend

• Trend continuation remains possible once RSI curls upward again

This RSI structure is typical of Wave 4 consolidation before the final impulse.

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🚀 PRICE OUTLOOK (2025–2028)

Short-Term (3–6 Months)

• Range: ₹347 → ₹450

• A breakout above ₹450 can restart the next impulsive leg.

Medium-Term (6–18 Months)

• Climb toward ₹516 → ₹555 → ₹621

Long-Term (18–36 Months)

• Wave 5 targets: ₹883 → ₹999

• Extended target: ₹1,250 (if PSU + energy cycle remains strong)

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⭐ SUMMARY

• Tata Power has completed Wave (3) and is consolidating in Wave (4).

• Rising channel remains intact and very strong.

• Support: ₹347–₹450

• Breakout triggers Wave 5 toward ₹883 → ₹999

• RSI supports long-term bullish momentum.

• The stock remains in a major multi-year uptrend cycle.

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⚠️ DISCLAIMER

This analysis is for educational and chart-study purposes only and is not investment advice.
Always perform your own research and consult a registered financial advisor before making trading or investment decisions.

https://in.tradingview.com/chart/TATAPOWER/hTySS1JZ-TATAPOWER-MONTHLY-CHART-MAJOR-WAVE-5-SETUP-MULTI-YEAR-BREAK/

SBIN – WEEKLY CHART | WAVE STRUCTURE + ASCENDING CHANNEL + LONG-TERM TARGETS

 State Bank of India (1W)

Price: ₹958 • Trend: Strong Bullish • Structure: Multi-year ascending channel

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🔷 LONG-TERM TREND

SBIN continues to respect a major ascending channel that has been active since 2020.
Price has formed higher highs and higher lows for multiple years, confirming a strong secular uptrend.

A clean Elliott Wave structure is unfolding with Wave 3 extending and higher targets opening up.

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📌 KEY SUPPORT LEVELS

• ₹904 – Major weekly support

• ₹755 – Trendline support

• ₹549 – Long-term base

• ₹425 – Historical support

As long as price stays above ₹904, the bullish structure remains intact.

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📌 RESISTANCE & TARGET ZONES

Wave 3 Target Zone

• ₹1,050 → ₹1,199

Wave 5 Long-Term Projection

• ₹1,325

• ₹1,440

• ₹1,589

These zones align with upper channel projections, swing highs, and Fibonacci extensions.

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🔥 MOMENTUM (RSI)

• Weekly RSI remains above 70, staying in strong momentum territory

• No major bearish divergence

• Indicates continuation of the trend with potential short consolidations

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🚀 PRICE OUTLOOK (2025–2026)

Short-Term

Possible retracement into ₹904–₹930 zone before continuation.

Medium-Term

Climb toward ₹1,050 → ₹1,107 → ₹1,199.

Long-Term

Wave 5 expansion toward ₹1,325 → ₹1,440 → ₹1,589.

SBIN remains one of the strongest structural uptrends in the entire PSU banking space.

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⭐ SUMMARY

• Clean multi-year ascending channel

• Wave 3 in progress

• Wave 5 targets open up significantly

• RSI supports long-term continuation

• PSU banking cycle remains structurally strong

As long as ₹904 holds, the broader trend stays bullish.

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⚠️ DISCLAIMER

This analysis is for educational and chart-study purposes only and is not investment advice.
Always do your own research and consult a registered financial advisor before making trading or investment decisions.

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https://in.tradingview.com/chart/SBIN/196yudZL-SBIN-WEEKLY-CHART-WAVE-STRUCTURE-LONG-TERM-TARGETS/