Gift Nifty turned bullish 🚀 from the 22,250 level after 2nd April 2026 and has now completed a full Impulse wave (5 waves): 1️⃣ Wave 2 retraced just below the 50% level, signaling strength 💪. It unfolded as an irregular correction, increasing the probability of Wave 4 forming a simple zigzag (⚖️ Alternation theory). 3️⃣ Wave 3 extended strongly, reaching 300% of Wave 1 🔥. 4️⃣ Wave 4 unfolded as a simple zigzag correction, retracing between 23%–38% of Wave 3 📉. 5️⃣ Since Wave 3 was extended, Wave 5 unfolded as a normal wave. Within Wave 5, Subwave 1 and Subwave 3 were normal, while Subwave 5 extended and ended at the same level where the bigger Wave 5 terminated — the 62% level at price 24,849 🎯. 🔄 Now, we can expect a 50%–62% retracement of the entire Impulse wave, which may complete near the 23,550 level 📍. 📈 Bias: Short‐term retracement expected after completion of Wave 5 🎯 Key Level: 23,550 for retracement completion ⚠️ This is not a trade call and is shared purely for educational purposes.
