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Nifty Elliott Wave, Time Cycle - Strong Breakout SOON!

#elliott wave #neowave #nifty #priceaction #timecycle Nov 10, 2025
nifty-breakout-soon

Nifty advanced Elliott waveNeo wave pattern along with Price action is suggesting possible reversal with strong breakout soon!

Nifty over past 6 days corrected a portion of the rise in form of wave f and is now getting ready for resumption of wave g.

Nifty daily chart with AK Indicator

Nifty Hourly chart:

Nifty Market Analysis: Signs of Positive Reversal and Neo Wave Projections

The Nifty index on the daily timeframe exhibits clear signs of a positive reversal attempt from a critical price action zone, which coincides with the support level of the prior wave c. This reversal has also aligned with a key moving average, adding to its significance. Notably, wave f has now consumed an equal duration to wave b, suggesting a potential symmetry in the corrective structure.

Wave G is projected to retrace approximately 61.8% of the broader wave A. A more precise, bold forecast will be formulated once the two-stage confirmation signals the onset of wave G to the upside. For context, wave A was characterized by sharp and rapid movement, largely driven by post-event dynamics. Consequently, we anticipate wave G to mirror 50% to 61.8% of wave A's magnitude.

However, full confirmation remains pending. According to the Neo Wave technique, a robust two-stage confirmation process is essential to validate that the downward leg has concluded and a new upleg has commenced.

As illustrated on the hourly chart, Nifty is gradually edging higher. That said, this uptick may merely represent wave b within the larger wave F. A minor retracement on downside in form of wave c is possible, completing wave F and paving the way for the subsequent upside wave G.

 

Confirmation will be our guiding principle moving forward. As long as the downside support near 25,330 remains intact, we can expect a period of consolidation followed by a decisive positive breakout. A breach below 25,330, however, would serve as a concerning signal, potentially invalidating the bullish setup.

On the upside, 25,800 represents the immediate resistance hurdle. A sustained move above this level would provide the first stage of confirmation, affirming that the downtrend has ended and the up move is underway.

In a nutshell, the overall market momentum appears poised for a reversal to the upside following some consolidation. The Neo Wave methodology has demonstrated its predictive power in past analyses, and we may once again witness a substantial rally—potentially around 800 points again.

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