NIFTY REALTY Nifty Realty IndexNSE:CNXREALTYsagarchauan**Nifty Realty Index (4H) – Wave 3 Analysis** The chart suggests that **Wave 2 correction has likely completed near 735**, and price is now attempting to start **Wave 3**, which is typically the strongest and fastest Elliott Wave advance. ### Bullish Structure ✅ Wave (1) completed near 820 ✅ ABC correction formed Wave (2) ✅ Price has bounced from the Wave (2) low around 735 ✅ Breakout above the corrective trendline indicates the beginning of Wave (3) ### Key Levels * **Immediate Resistance:** 792 – 796 (0.61–0.65 Fib zone) * **Confirmation Level:** Sustained move above 796 * **Wave 3 Target:** **886** (1.618 Fibonacci Extension) * **Intermediate Resistance:** 864 (1.38 Extension) ### Market Outlook If buyers maintain control and the index closes above the **796 resistance zone**, the probability increases that **Wave 3 has started**, with the next upside targets at **864** and ultimately **886**. Wave 3 often extends sharply, making 886 a realistic objective while the 735 low remains intact. ### Trading View Description **"Nifty Realty appears to have completed its Wave 2 correction near 735 and is showing early signs of a Wave 3 advance. A breakout above the 796 resistance zone could confirm bullish momentum, opening the path toward 864 and the major Wave 3 target of 886 (1.618 Fibonacci Extension). The bullish structure remains valid as long as the 735 low holds."** 📈🚀