Nifty 50's Elliott Wave Analysis & Price ProjectionNifty 50 IndexNSE:NIFTYnaynabengohilHey, so let's take a look at this chart of the Nifty 50. where the market might be heading. Just a heads-up, this is all for learning, not for making actual financial decisions. Think of it more like a potential roadmap than a guaranteed outcome. From what I can see, the chart is laying out a classic five-wave pattern. * Wave 1: The first big push up was in the latter half of 2022 into early 2023. It was the start of the uptrend. * Wave 2: After that, the market pulled back a bit—a healthy correction, really—in the middle of 2023. It didn't drop below the starting point of the first wave, which is exactly what you'd expect. * Wave 3: This was the huge run-up that we saw from mid-2023 all the way into early 2024. That's typically the strongest and longest part of the move. The chart marks it with a "(b)" which suggests it's part of a bigger picture, but for now, we can see it as the big third wave. * Wave 4: Now, we're in the middle of a correction, a kind of zigzag, that started after that massive run-up. The chart shows it finding a bottom around mid-2025. It's like the market is taking a breather before the final push. * Wave 5: And this is where it gets interesting. The chart is forecasting the final leg up, starting from this mid-2025 low. It's suggesting we could see a big rally, with the Nifty potentially hitting targets around 28,000 and even above 30,000 by late 2026 or 2027. Basically, the chart is saying we've gone up, corrected, gone up big, and now we're in a smaller correction, getting ready for one last big move to the upside. Again, this is just one way of looking at the market. No one has a crystal ball, and a ton of other things—like news, company earnings, and what's happening around the world—could change this forecast completely. So, always do your own homework and talk to a pro before you invest your hard-earned money. This forecast report is for educational purposes only and should not be considered financial advice. Market analysis, especially projections based on technical indicators like Elliott Wave theory, is speculative and does not guarantee future results. Always conduct your own research and consult with a financial professional before making any investment decisions.