Bank Nifty Outlook: Elliott Wave Pattern & 54-Day Time Cycle Signal a Powerful Breakout Ahead
Dec 10, 2025
Bank Nifty and Nifty have both shown pressure over the past few days, but the larger trend structure remains firmly intact. In fact, Bank Nifty continues to be the leader of this multi-month uptrend. While the short-term momentum looks slightly weak, the broader pattern suggests the formation of a bullish flag structure, hinting at a potential breakout in the coming sessions.
The daily chart of Bank Nifty (shown below) highlights a clear Elliott Wave structure, supported strongly by a classic 54-day time cycle, both pointing toward an upcoming directional move.
Elliott Wave Analysis: Wave 3 of 3 on the Verge of Breakout
Bank Nifty has rallied sharply from the lows of 47,250 to the recent high near 57,000. This entire up move unfolded in the form of a clean impulse structure, completing Wave 1 of a larger degree.
Post this, prices moved into a double corrective pattern, completing Wave (2) near 54,200. The corrective nature of Wave (2) further strengthens the bullish structure, as deep and complex corrections often precede powerful Wave (3) uptrends.
After Wave (2) completion, Bank Nifty has now started to move higher in Wave (3), and importantly, prices are currently forming Wave 3 of (3) — the most explosive part of any Elliott Wave formation.
A downward-sloping flag pattern is developing within this Wave 3 of (3). Once this flag pattern completes, a sharp upside breakout is expected.
Breakout Confirmation
A move above 59,440 will confirm that Wave 3 of (3) has resumed strongly.
Post this breakout, Bank Nifty has the potential to move well beyond 61,000 levels.
Critical Support
The key Wave 1 support lies near 58,570, which should not be breached.
A breakdown below this level will require a reassessment of the entire Elliott Wave structure.
Time Cycle Analysis: 54-Day Cycle Continues to Govern Major Lows
Bank Nifty has been respecting a classic 54-day time cycle, with major swing lows consistently forming within this cycle zone. The most recent low near 58,600 was also formed right inside this timing window.
This makes 58,600 not just a price support but a strong time-cycle support, adding confluence to the Elliott Wave bullish outlook.
Short-Term Reversal Signals
For short-term traders, an upside reversal will be confirmed on:
- Break above 59,200
- Follow-through above 59,400
Once these levels are crossed, Bank Nifty can head toward 60,000 and higher.
Conclusion: Elliott Wave + Time Cycle = High-Probability Forecasting
By combining Elliott Wave pattern recognition with time-cycle analysis, one can gauge the maturity of a trend with high accuracy. Bank Nifty is currently positioned at a crucial juncture where both methodologies point to a strong bullish breakout — provided key supports hold and breakout levels are crossed.
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