S&P BSE Sensex Index Elliott Wave technical analysis [Video]

S&P BSE Sensex – Elliott Wave technical analysis

Function: Bullish Trend.

Mode: Impulsive.

Structure: Navy Blue Wave 1.

Position: Gray Wave 1.

Direction next lower degrees: Navy Blue Wave 2.

Wave cancel invalid level: 69780.

The daily chart Elliott Wave analysis for the S&P BSE Sensex presents a strongly bullish scenario for India’s benchmark index. The index is in the early phase of a new upward trend, led by the development of navy blue wave 1, which forms the beginning of a larger gray wave 1.

Currently, navy blue wave 1 is progressing within gray wave 1, indicating a potential start of a longer-term bullish cycle. Analysts have identified 69780 as the critical invalidation level. A break below this would call the bullish wave structure into question.

Upon completion of navy blue wave 1, the index is expected to enter the corrective navy blue wave 2, before resuming its uptrend. The daily chart helps traders maintain visibility of this developing trend while understanding the larger wave degree context.

Present conditions support long positions, with the index showing signs of impulsive structure including rising momentum and trading volume. This current wave formation lays the groundwork for the broader gray wave 1 advance.

Traders are advised to look for confirmations through technical indicators and price action to validate the bullish wave count. Sound risk management near the 69780 level remains vital. This analysis provides actionable insight for investors aiming to position early in what could evolve into a major bullish leg in the Indian stock market.

S&P BSE Sensex – Elliott Wave technical analysis

Function: Bullish Trend.

Mode: Impulsive.

Structure: Gray Wave 1.

Position: Orange Wave 5.

Direction next higher degrees: Gray Wave 1 (started).

Wave cancel invalid level: 69780.

The Elliott Wave analysis for the S&P BSE Sensex weekly chart indicates a strong bullish trend, signaling the beginning of a potentially significant upward move in the Indian stock market. This wave analysis centers around gray wave 1, now forming as part of the broader orange wave 5 structure.

Market analysts confirm the completion of orange wave 4’s corrective phase, with the index now advancing into gray wave 1 of 5, which marks the start of a new impulsive movement. This wave sequence suggests the early phase of a longer-term bullish cycle.

The key invalidation level is set at 69780. A drop below this point would challenge the current Elliott Wave count. The weekly chart offers investors a broader view of the market structure, showing how gray wave 1 fits within the final rise of orange wave 5.

This outlook reinforces the potential for sustained upside as the new impulsive leg unfolds. Key characteristics of this phase include increasing volume, strong momentum, and extended price gains.

The wave relationships underscore that gray wave 1 is both a near-term opportunity and a critical segment within the larger bullish formation. Investors are encouraged to observe technical signals that support the impulsive structure and maintain long positions in alignment with the prevailing trend, using strict risk controls around the invalidation point.

This weekly analysis offers valuable insight for traders and investors aiming to align their strategies with both immediate and long-term opportunities in the Indian equity market.

Unlocking the success code: S&P BSE Sensex Index Elliott Wave technical analysis [Video]