NIFTY 50 Elliott Wave Update | Wave (ii) Completing | Potential Wave (iii) Rally Setup

 

Chart: 1 Hour | 8 Dec 2025

NIFTY is currently inside a corrective Wave (ii) structure following the completion of Wave (i).
The price has pulled back into a strong support confluence zone, aligning with:

• Fib support region

• Demand structure

• Channel lower boundary

• RSI oversold support trendline

---

📍 Wave Count Summary

Wave 1 – Completed at 26,377
Wave 2 – Low at 25,318
Wave (i) – Top at 26,377
Wave (ii) – Corrective pullback in progress (a-b-c)
Possible final c-wave target at 25,855 – 25,634

Two possible scenarios

🅰 Primary View
Wave (ii) finishes inside 25,855 – 25,634 zone → breakout start of Wave (iii) targeting 26,755 – 27,050

🅱 Alternative View
Deeper flush toward 25,589 – 25,473 before strong reversal

---

🎯 Upside Targets

Target	Level
Target 1	26,110
Target 2	26,377
Wave (iii) Major Target	26,755 – 27,050
Extended Target	27,550+

---

🛑 Invalidation Levels

Level	Meaning
25,589	Alt (ii) still valid
25,318	Impulsive bullish structure invalidated

---

📊 RSI Analysis

• RSI approaching trendline support

• No bearish divergence near highs → structure supports continuation

• Expecting bullish reversal signal soon

---

🚀 Trade Setup (Educational Only)

Long Setup

• Entry Zone: 25,855 – 25,634

• Stop-Loss: 25,473

• Targets: 26,110 / 26,377 / 26,755 / 27,050

Breakout Entry

Above 26,110 for momentum confirmation

---

🧠 Conclusion

NIFTY is positioned at a high-probability reversal zone for the start of a potential Wave (iii) rally.
Holding above 25,589 / 25,318 is critical for bullish continuation.

---

⚠ Disclaimer

This analysis is for educational and research purposes only and is not financial or investment advice.
Trading in financial markets involves risk, and past performance is not indicative of future results.
Please consult your financial advisor before making any investment decisions.
I am not responsible for any profits or losses incurred based on this analysis.

#Nifty #Nifty50 #ElliottWave #TechnicalAnalysis #NSE #IndexTrading #SwingTrading #PriceAction #TrendAnalysis #StockMarketIndia #TradingView #WaveAnalysis #Wave3 #IndexOutlook #NiftyPrediction #MarketAnalysis

https://in.tradingview.com/chart/NIFTY/PrJ2a2B0-NIFTY-50-Elliott-Wave-Update-Wave-ii-Completing/