#Nifty50 (Weekly)

The Nifty 50 is in a long-term bullish trend, forming higher highs and higher lows from the major swing low near 21,736. Price has rallied strongly and is currently consolidating near a key resistance/supply zone around 26,200–26,300, indicating a possible pause or short-term exhaustion.

This zone appears to be the completion area of Wave (B), from where a corrective move (Wave C) is possible toward the 25,300 level or deeper into the 23,900–23,400 demand zone. Such a pullback would still be healthy within the broader uptrend.

A sustained breakout above 26,300 would confirm bullish continuation and open the path toward the 28,000+ monthly target. Overall, the trend remains bullish, with near-term caution advised at resistance and buying opportunities likely on dips.