NIFTY – Elliott Wave Monthly Analysis - DEC 2025

 Timeframe: 1W (Weekly)

Current Price: 26,202

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🔍 Elliott Wave Count

• Primary Wave (1), (2), (3) completed

• Wave (4) correction successfully held support near 21,700–22,300 zone

• Wave (5) impulse currently unfolding

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📊 Key Levels & Targets

Type	Level
Immediate Support	25,013 / 24,334
Critical Support (Wave 4 invalidation)	23,034 / 21,734
Strong Support	22,300–21,700 zone
First Major Target	28,877 – 30,500
Wave 5 Extension Zone	33,140 – 34,734
Max Bull Cycle Target	44,200 – 48,455

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📌 Structure Insight

• NIFTY respecting internal parallel channel from COVID low

• RSI trending upward from mid–range → supports bullish continuation

• No Wave overlap → impulse structure intact

• Breakout above 26,278–26,310 will accelerate next leg

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📉 Alternate View

If price breaks below 23,000, expect deeper correction toward 21,700 (alt wave 4 scenario).

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🎯 Big Picture Outlook

Period	Expectation
Short term	Consolidation → breakout above resistance
Mid term	Targeting 28,800 – 30,500
Long term	Mega Wave 5 projection 33k → 44k+

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💡 Trading Plan

Strategy Type	Plan
Buy on Dips	25,000 / 24,300 / 23,000
Breakout Buy	Above 26,300 weekly close
Profit Booking Zones	28,800 / 30,500 / 33k+

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📘 Summary

🔺 NIFTY continues Wave 5 upside within long–term rising channel
🔻 Dips toward 25k–24k are buying opportunities
🚀 Upside potential: 28,800 → 30,500 → 33,000 → 44,000+

https://in.tradingview.com/chart/NIFTY/id88Dlgl-NIFTY-Elliott-Wave-Monthly-Analysis-DEC-2025/