Nifty Approaching 26,400 – Next Target Zone 26,600: NeoWave Analysis and Forecast

Nifty continues to move higher, and the current momentum suggests that the index is inching towards 26,400 and eventually heading toward the major target zone near 26,600. This zone aligns well with pattern projection levels and channel resistance, making it a key level to monitor in the coming sessions.

NeoWave works like a GPS of the market — helping us understand not just where the price is today, but the probable future path based on objective pattern logic. By applying NeoWave concepts, traders and investors are able to anticipate high-probability turning points, ongoing structure, and upcoming trend behavior with a systematic approach rather than emotional reactions.

In the chart shown above, we are analyzing the Nifty hourly timeframe with detailed NeoWave counts. After completing the corrective decline in the form of wave F, prices made a low near 25,440 levels. This low marked the completion of the prior segment of the Diametric pattern.

Since then, the index has been moving higher, and the current rise is unfolding as wave G of the Diametric pattern.

So far, the structure of this wave appears to be evolving into a complex corrective formation, supported by the appearance and subdivision of wave x within the larger move.

Applying the Two-Stage Confirmation Technique, we can clearly observe that the last falling segment of Wave X—specifically the decline from 26,030 levels down to the low near 25,860—has now been retraced in faster time. This retracement occurred within the very first hourly candle formed on 26th November, which is a critical signal as per NeoWave guidelines.

This faster retracement confirms a valid breakout, proving that Wave X has completed, and the market has already entered the next upward thrust within Wave G of the ongoing Diametric pattern. Such time-based confirmation adds strong credibility to the bullish continuation setup.

In the immediate near term, prices may witness minor dips or slow pullbacks. These dips are expected to provide better risk–reward entry opportunities for traders.The key support zone for such dips lies near 26,050 levels.

As long as Nifty respects this zone—and especially the second layer support placed near 25,920—the bias will remain firmly positive. With this structure intact, price action is well positioned to continue its rally toward the lifetime high, surpassing previous peak levels and progressing toward 26,400, followed by the broader projection zone near 26,600.

In a nutshell, by combining Elliott Wave Theory, NeoWave Advanced Pattern Rules, and Ichimoku techniques, one can forecast the market with exceptional accuracy. This integrated approach allows traders to not only capture the broader trend direction but also predict movements with precision—right down to the exact day, hour, and even minute-level turns.

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