Watch next resistances amid Nifty rally towards & above life time top at 26277.30
Technical Analysis,Research & Weekly Outlook
(Jun 30 to Jul 04,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (27-Jun-2025):-
Technical Patterns and Formations in EOD charts
1- Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning.
2- Impulsive Wave-(iii) of Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction beginning.
3- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.
4- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24857.80 on 05-12-2024.
5- Corrective Wave-C of Wave-(iv) of Wave-3 completion at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 beginning from this level.
6- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25654.20 on 27-06-2025.
Conclusions from EOD chart analysis
(Waves structure)
Corrective Wave-C of Wave-(ii) of Wave-3 "ABC" correction completed at 18837.80 on 26-10-2023 and from this level impulsive Wave-(iii) of Wave-3 started which completed after new life time top formations at 26277.30 on 27-09-2024 and from this levels corrective Wave-A of Wave-(iv) of Wave-3 "ABC" correction begun.
Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-(iv) of Wave-3 started from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-(iv) of Wave-3 begun which completed at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 started from this level. Now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25654.20 on 27-06-2025 and no indication of its completion yet on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (27-Jun-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising in Over bought zone.
2- Stochastic:- %K(5)- 94.48 & %D(3)- 80.23.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 166.66 & EXP(9)- 90.33 & Divergence- 76.33
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its %K(5) line has intersected %D(3) line upward and its both lines are rising in Over bought zone and not turned bought zone yet therefore it will be understood that this indicator is signalling on going Bullish rally continuation possibility in the coming week.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore it will be understood that this indicator is showing upward Trend formations and resultant upward moves continuation possibility also in the coming week.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (27-Jun-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25290(Very Short Term Trend decider)
2- 21-Day SMA is today at 24966(Short Term Trend decider)
3- 55-Day SMA is today at 24546(Intermediate Term Trend decider)
4- 100-Day SMA is today at 23837
5- 200-Day SMA is today at 24081(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed well above all the Very Short Term to Long Term Trend deciding 5-Day SMA to 200-Day SMAs last Friday therefore now all the Trends are up therefore on going Bullish moves will be seen in the coming week.
Nifty-Intra Day Chart Analysis
(27-Jun-2025)
Nifty-Intra Day Chart (27-Jun-2025):-
Technical Patterns formation in today intraday charts
1- 53 Points sharp fall in first 15 minutes after gap up opening
2- Consolidation between 25533-25577
3- Sharp upward moves
4- More than 3 hours consolidation between 25608-25654
5- Whole day trading between 25524-25654
Conclusions from intra day chart analysis
Although gap up opening but immediately 53 Points sharp fall was seen in first 15 minutes and Nifty traded in negative zone also in first 2 hours. As lower levels consolidation developed therefore sharp upward moves were seen and after that and more than 3 hours follow up consolidation also between 25608-25654 hence it will be understood that whole day only intraday consolidation patterns formations last Friday therefore upward moves are expected above last friday highest in the beginning of next week.
Conclusions
(After putting all studies together)
1- Short Term Trend is up.
2- Intermediate Term Trend is up.
3- Long Term Trend is up.
Now impulsive Wave-(v) of Wave-3 of that Waves structure is in continuation with recent top formations at 25654.20 on 27-06-2025 which begun from 15183.40 on 17-06-2022 and its impulsive Wave-(iii) of Wave-3 completed after new life time top formations at 26277.30 on 27-09-2024.
As Nifty traded 31 sessions between 24379-25222 and such larger period trading range was forcefully broken out in previous week therefore it is clear that on going Bullish rally of impulsive Wave-(v) of Wave-3 will remain continued towards/above life time top(26277.30) in the coming week/weeks.
Averages are confirming that all the Trends are up and Short Term indicators are also signalling on going Bullish rally continuation possibility in the coming week and intraday charts of last Friday are also showing whole day only intraday consolidation patterns formations therefore on going impulsive Wave-(v) of Wave-3 will remain continued and move above its minimum target of 26277.30. As it is life time top of Nifty also therefore 100% confirm that new life time top formations will also be seen in the coming week/weeks.
Very Short Term and Short Term corrections are also part of any Bullish rally which will also be seen. Following next resistances above last Friday highest are as follows which should also be watched one by one for next immediate decisive moves beginning confirmations towards & above life time top at 26277.30:-
1- 25655-25739(Gap Resistance)
2- 25783-25837
3- 25886-25912
4- 25949-26006
5- 26074-26111
6- 26135-26151(Gap Resistance)
7- 26191-26248
8- 26258-26277