NIFTY – Elliott Wave Outlook (1H Chart) - 2-DEC-2025

Wave 2 completed at 25,313 zone and now price is progressing in Wave 3 structure within the rising channel.

As long as 25,855 – 25,900 support holds, the bias remains bullish for continuation toward key resistance levels.

Key Levels

🔹 Supports: 25,855 / 25,313
🔹 Immediate Resistance: 26,377 – must hold breakout
🔹 Wave iii Target Zone: 27,050 – 27,500
🔹 Extended Target: 27,821+ (Wave 3 completion zone)

Elliott Wave View

• Wave (i) and (ii) already visible within Wave 3

• Current move expected to form Wave (iii) towards the green box region

• Bullish continuation expected if price stays inside upward channel

Trading Plan

📌 Bullish above 26,000–26,100
👉 Buy on dips for 27,050 / 27,377 / 27,500 / 27,821+

🛑 Invalidation only below 25,855
Break below may retest 25,313

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Sentiment

⭐ Structure remains bullish
⭐ Wave 3 usually strongest & longest wave — big momentum likely ahead

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Disclaimer

Educational Elliott Wave study – not financial advice. Trade with risk management.

https://in.tradingview.com/chart/NIFTY/ErVajQ5W-NIFTY-Elliott-Wave-Outlook-1H-Chart-2-DEC-2025/