Nifty wave 5 Analysis and update for the week March 23-27, 2026Nifty 50 IndexNSE:NIFTYChartMasteryHQWrap up:- Nifty has completed wave 4 at 23862 and wave 5 is in progress. In wave 5, Nifty is forming a wxy pattern instead of impulse. In which wave w has been completed at 22634, wave x is in progress and is expected to be completed in the range 23187-23261 What I’m Watching for🔍 Now, upside immediate resistance lies in the zone 23187-23261 at which wave x is expected to be completed and thereafter, wave y will progress for a probable/final target of 22420. Disclaimer: Sharing my personal market view — only for educational purpose not financial advice. "Don't predict the market. Decode them."