NIFTY 1H – Buy on Dips View (Elliott Wave Perspective)

📍 NIFTY trading above key support zone – bullish structure intact

Nifty continues to trade in a rising channel and is currently positioned in Wave (iii) structure. As long as the support 25,855 holds, bullish momentum is expected to continue.

✅ Trading Plan

Buy on dips towards support zones

🎯 Upside Targets

26,377

26,755

26,900–27,050

27,550 | 27,821 | 27,000+ extended targets if Wave (iii) accelerates

🔑 Key Support

📌 25,855 — As long as price holds this zone, the bullish wave structure remains valid.

🧠 Wave Structure

Wave (iii) in progress

Wave (iv) expected only after testing upper resistance zones

Break above 26,755 may trigger a sharp rally toward 27K+

📉 Invalidation Level

❌ Below 25,855 – short-term trend likely weakens and deeper corrections may occur.

Conclusion

Bias: Strong Bullish | Buy on Dips Strategy

Waiting for consolidation or dip around support levels may offer good risk–reward buying opportunities.

https://www.tradingview.com/chart/NIFTY/My8qKqkv-NIFTY-1H-Buy-on-Dips-View-Elliott-Wave-Perspective/