Nifty Analysis for the week 18 May to 22 May, 2026Nifty 50 IndexNSE:NIFTYChartMasteryHQWrap up:- As mentioned earlier, In major time frame, we are in wave y of x of 4 of major wave 3. In wave y, wave a has been completed at 24601 and wave b is in progress which is forming a 3-3-5 irregular correction. In wave b, internal wave a is completed at 23813 and wave b is in progress which is making a wxy pattern is expected to be completed in the range of 24772-25116. In internal wave b of wave b, wave w has completed at 24181, wave x has been completed at 23262 and wave y is in progress of which wave a is in progress. What Iām Watching for the week 18 May to 22 May, 2026š In wave a of y, wave 1 is completed at 23478 and wave 2 is in progress for a probable target of 23578-23435 range. Low Risk Entry Range is 23578-23435 Range for a probable target of 24090-24398 Range. Pattern is negated if Nifty even touched 23262. Disclaimer: Sharing my personal market view ā only for educational purpose not financial advice. "Don't predict the market. Decode them."