Nokia Wave Analysis – 30 October 2026

Nokia: ⬆️ Buy

– Nokia reversed from support level 8.30

– Likely to rise to resistance level 10.00

Nokia recently reversed up from the support zone between the support level 8.30 (which stopped wave (A) at the end of July), the lower daily Bollinger Band and the support trendline of the daily down channel from July.

The upward reversal from this support zone completed the ABC correction 2 from the start of June.

Given the strength of the support level 8.30, Nokia can be expected to rise further toward the next round resistance level 10.00 – which has been reversing the price from August.