Nifty Mid-Term Elliott Wave Analysis | Road to 27,000?Nifty 50 IndexNSE:NIFTYChartMasteryHQWrap-up:- As outlined in my previous Mid-Term Nifty Analysis, Nifty continues to trade within Major Wave 4. Within this corrective phase, the index is forming a W-X-Y pattern, where Wave W was completed at 15183. The market is currently progressing through Wave X, which itself is unfolding as another W-X-Y corrective structure. Within Wave X, Wave W concluded at 26277, Wave X was completed at 22182 and Wave Y is currently in progress. Inside Wave Y, Wave A was completed at 24601, while Wave B is currently unfolding. Upon the completion of Wave B, Nifty is expected to begin Wave C, completing the ongoing corrective structure within Wave Y. ⸻ What I’m Watching for Nifty Till December 2026🔍 The immediate resistance zone is placed between 24772 and 25116. A decisive breakout and sustained close above this resistance zone would strengthen the bullish outlook and increase the probability of Nifty advancing towards the Wave Y target near 27000 in the coming months. Until then, price action around this resistance area will remain critical in determining the next major directional move. ⸻ Key Levels • Immediate Resistance: 24772–25116 • Major Bullish Confirmation: Sustained breakout above 25116 • Mid-Term Target: 27000 (Wave Y projection) b]Disclaimer: This analysis reflects my personal interpretation of the market using Elliott Wave Theory and is shared strictly for educational purposes only. It should not be considered financial or investment advice. "Don't predict the market. Decode it."