NIFTY SMALLCAP250 - LONG SET-UP (2025-26 Target)NSE:NIFTYSMLCAP250
๐๐๐ก๐๐ซ๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ โ ๐๐ข๐๐ญ๐ฒ ๐๐ฆ๐๐ฅ๐ฅ๐๐๐ฉ ๐๐๐ (๐๐จ๐ง๐ญ๐ก๐ฅ๐ฒ ๐๐
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The index is approaching a crucial resistance zone between 20,045 โ 20,795, projected to be tested around 2025โ26. This area aligns with the previous bullish expansion's Fibonacci extension and also shows a 21.13% upside move from current levelsโhighlighting a final exhaustion zone before a potential reversal
The marked red zone (similar to the 2021-22 range) suggests a possible distribution phase or topping structure. If price faces rejection there, a corrective wave could followโtargeting the 14,450 level, which coincides with the trendline retest and a high-volume area
๐๐๐ฒ ๐๐ฎ๐ฉ๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ง๐๐ฌ:
14,450 โ Trendline + structure confluence
13,292.60 โ Prior base and horizontal support
10,495.85 โ Major long-term demand zone
๐ก ๐๐ฑ๐ญ๐ซ๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
Youโve rightly anticipated a multi-leg rally followed by correctionโsmart play on cycles and exhaustion
Watch for volume divergence or momentum slowdown (RSI, MACD) near the 20.8K mark as confirmation
This wave could be the last leg (Wave 5) in Elliott structure, after which a larger ABC correction is possible
If 14,450 breaks, it could trigger a steeper correctionโpossibly toward the 10.5K demand zone, offering long-term entries
