In this long-term monthly chart, I’ve applied Elliott Wave Theory to map out a classic 5-wave impulse pattern in the Nifty Midcap 100 Index.
✅ Wave 1–2: Initial breakout and healthy correction post-COVID lows.
✅ Wave 3: Strong, extended uptrend—typically the most powerful wave.
✅ Wave 4: Complex sideways correction, holding above prior Wave 1 highs.
🚀 Wave 5 (Projected): Currently unfolding, with potential to reach the upper trendline of the rising channel, supported by Fibonacci extension zones.
Wave 5 could extend towards 65,000–75,000, depending on market strength and momentum divergence.
This analysis is for educational and informational purposes only. Please do your own research or consult a financial advisor before making investment decisions.
✅ Wave 1–2: Initial breakout and healthy correction post-COVID lows.
✅ Wave 3: Strong, extended uptrend—typically the most powerful wave.
✅ Wave 4: Complex sideways correction, holding above prior Wave 1 highs.
🚀 Wave 5 (Projected): Currently unfolding, with potential to reach the upper trendline of the rising channel, supported by Fibonacci extension zones.
Wave 5 could extend towards 65,000–75,000, depending on market strength and momentum divergence.
This analysis is for educational and informational purposes only. Please do your own research or consult a financial advisor before making investment decisions.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.