The 3rd Wave

Nifty Daily Chart MAK View The Daily chart is giving us an early warning signal, not yet a confirmed reversal. The interesting combination is: Price Higher Low + RSI Lower Low + Price at Rising Trendline Support + RSI near Oversold This is the setup I would monitor closely. If Nifty holds 23,250–23,350 and reclaims 23,893, the bullish divergence gets its first confirmation. A move above 24,344 would strengthen the setup further, while 24,772 would be the major confirmation level. So, yes — the Daily chart is showing a potential Hidden Bullish Divergence. Now we need PRICE to confirm what the INDICATORS are suggesting.

POSITIONAL SWING STOCKS CONFIPETRO CMP 92 STRICT SL 85 TGT OPEN TILL 180 GANDHAR CMP 276 STRICT SL 257 TGT OPEN TILL 900

MAK Trending Impulse stocks for the week.

MAK Capital Weekly Summary View: Bearish / Corrective CMP: ~23,346 Market Structure: Recovery → Consolidation → Lower High → Breakdown | Short-Term Structure Bearish Candlestick Pattern: Bearish Candle – Nifty has continued its decline and closed below the important 23,893 support, confirming increased selling pressure. RSI (Weekly): 39.55 – Below 40, indicating weak momentum. It is approaching the oversold zone but has not reached it yet. MACD (Weekly): -101.95 vs Signal -17.64 – Bearish. MACD is below the signal line and below zero, confirming weakening medium-term momentum. Accumulation Zone: 22,200–23,200, but preferably only after signs of stabilization Weekly Stop Loss: 22,184 on closing basis Resistance: 23,893 → 24,772 Support: 23,173 → 22,248 → 22,184 → 21,696 Recovery Targets: Short Term: 23,893 Medium Term: 24,772 Long Term: 25,200–25,823 Strategy The character of the market has changed. Earlier, the 23,893 level was support. It has now been broken and should be treated as the first major resistance until reclaimed. The immediate battle is around 23,173. If this zone holds and a bullish reversal candle develops, we could see a technical bounce towards 23,893. However, a decisive weekly close below 23,173 would open the way towards the 22,248–22,184 support zone. For investors, this is a phase for patience and selective accumulation rather than aggressive buying. Quality stocks can be accumulated gradually near major supports, but confirmation of a market-wide momentum reversal would be preferable before increasing overall exposure. MAK View: Don't confuse a bounce with a trend reversal. The index needs to reclaim 23,893 first, and 24,772 thereafter, to materially improve the weekly structure.

Nifty Weekly

POSITIONAL SWING STOCKS SONACOMS CMP 808 STRICT SL 762 TGT 876-1165-1576 BHEL CMP 439 STRICT SL 407 TGT - OPEN ALIVUS CMP 1431 STRICT SL 1340 TGT 1535-1886-2467 EBGNG CMP 703 STRICT SL 644 TGT 755-1135-1934 SANSERA CMP 4260 STRICT SL 3861 TGT 4438-4711-5635

Dow updated wave counts.

Balaji Amines updated chart..

🎯 MAK MASTER VIEW What I find important is that the three counts disagree about the path, but not necessarily about the larger structural possibility. The common denominator is: 23,000–23,200 = CRITICAL ZONE As long as this area holds on a closing/structural basis, the larger bullish Elliott interpretations remain viable. Then: 23,600 First sign of strength. 24,000 Major confirmation zone. 24,500–24,800 Breakout from the current corrective structure. 25,500 Important Fibonacci extension zone. 26,200 Major previous high/resistance region. 27,000+ Longer-term Elliott objective shown by the bullish counts. 🚦 MAK Scenario Matrix 🟢 Scenario A — Bullish Impulse 23,100–23,200 holds ⬇️ 23,600 reclaimed ⬇️ 24,000 breakout ⬇️ 24,800 ⬇️ 25,500 ⬇️ 26,200 ⬇️ 27,000+ 🟡 Scenario B — Extended Correction 23,000–23,600 continues to act as a broad range. Multiple W-X-Y structures develop. Nifty may repeatedly confuse both bulls and bears before the larger trend resumes. Time correction rather than immediate price correction. 🔴 Scenario C — Structural Failure A decisive break of the 23,000–23,100 area would weaken the immediate bullish counts. Then the market could revisit lower supports, with the 22,000–22,200 region becoming the major long-term structural reference. A break of that area would require a complete reassessment of the larger Elliott count, rather than simply calling it another minor correction. MAK Bottom Line My reading of the three charts: The market is at an important Elliott decision point—not necessarily at the end of the larger bullish structure. The 23,000–23,200 zone is the battlefield. Above this zone, the three counts continue to provide pathways toward 24,000, 24,800, 25,500, 26,200 and eventually 27,000+. The key trigger is 24,000. Until that happens, I would treat the market as being in a corrective/consolidation phase rather than assuming that the next major impulse has already started. And importantly, Elliott Wave is a scenario framework, not a certainty. The count should be continuously adjusted as price invalidates or confirms specific wave structures. MAK Elliott Wave View: Long-term structure: Bullish bias Intermediate structure: Corrective / transition phase 23,000–23,200: Critical support 24,000: Major confirmation 24,800: Breakout confirmation 25,500 / 26,200 / 27,000+: Bullish extension zones

Nifty Wave Counts... Three different scenarios.

Trading View is like, the government is levying tax on everything, let's make bucks for ourselves. Let's make a Trading View paid from today. Ise hi bolte hai, Behti ganga me hath dho Lena..

RR KABEL: From ₹3,000 to ₹2,400 — a correction of almost 20%. Corrections are part of the journey, especially when you are investing for the long term. The key is not to panic every time the price falls. The trend matters more than the noise. This is where MAK Trending Impulse can make a difference — helping you identify whether the underlying trend remains intact and giving you the confidence to stay invested during normal market corrections. Price may correct. The trend may still survive. Stay focused. Stay disciplined. Let the trend guide you. 📈

Either in the value zone or in accumulate zone.

Nifty Weekly : Disastrous Start of the week.

Fresh Chart.

High Growth and momentum Stocks hammered today.. microcap 250 RSI which was above 85.... it's now below 60.

Watch and keep on radar.b

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