Correction continuation & firstly
Watch 24919-25004 for that side next
decisive moves beginning confirmations
Technical Analysis,Research & Weekly
Outlook(Jul 21 to Jul 25,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (18-Jul-2025):-
Technical Patterns and Formations in EOD charts
1- Corrective Wave-C of previous Waves structure "ABC correction" completion at 15183.40 on 17-06-2022 and Impulsive Wave-1 of new Waves structure beginning.
2- Impulsive Wave-1 completion at 18887.60 on 01-12-2022.
3- Corrective Wave-2 completion at 16828.30 on 20-03-2023.
4- Impulsive Wave-(i) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.
5- Wave-A of Wave-(ii) of Wave-3 completion at 19333.60 on 04-10-2023.
6- Wave-B of Wave-(ii) of Wave-3 completion at 19849.80 on 17-10-2023.
7- Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning.
8- 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.
9- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.
10- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24857.80 on 05-12-2024.
11- 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.
12- Impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25669.30 on 30-06-2025.
13- Short Term correction continuation with recent bottom formations at 24918.65 on 18-07-2025.
Conclusions from EOD chart analysis
(Waves structure)
Corrective Wave-C of "ABC correction" of previous waves structure completed at 15183.40 on 17-06-2022 and from this level Impulsive Wave-1 of new Waves structure started. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 begun from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-(i) of Wave-3 started from this level.
Impulsive Wave-(i) of Wave-3 completed at 20222.40 on 15-09-2023 and from this level corrective Wave-A of "ABC" correction of Wave-(ii) of Wave-3 begun which completed at 19333.60 on 04-10-2023. Wave-B begun from this level which completed at 19849.80 on 17-10-2023 and Wave-C started which completed at 18837.80 on 26-10-2023. Impulsive Wave-(iii) of Wave-3 started from this level which completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-(iv) of Wave-3 begun from this level.
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 at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction started from this levels which is also in continuation with recent bottom formations at 24918.65 on 18-07-2025 and no confirmation of its completion also on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (18-Jul-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling towards Over sold zone.
2- Stochastic:- %K(5)- 38.79 & %D(3)- 47.73.
3- In MACD- MACD line has intersected Average line downward and its both lines are falling in positive zone.
4- MACD(26,12)- 167.15 & EXP(9)- 398.12 & Divergence- -230.97
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 downward and its both lines are falling towards Over sold zone therefore it will be understood that at present this indicator is showing signals of more downward moves possibility in the beginning of coming week.
2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in positive zone therefore it will be understood that this indicator is showing downward trend formations and on going Short Term correction continuation possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (18-Jul-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25114(Very Short Term Trend decider)
2- 21-Day SMA is today at 25108(Short Term Trend decider)
3- 55-Day SMA is today at 24969(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24144
5- 200-Day SMA is today at 24064(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed below Very Short Term and Short Term Trends deciders 5-Day and 21-Day SMAs last Friday therefore these 2 Trends are down. Intermediate Term Trend is at stake because Nifty has closed only 0.60 below its decider 55-Day SMA last Friday,let Nifty to sustain beyond its decider 55-Day SMA then bext Intermediate Term Trend direction will get confirmations. Long Term Trend is up because Nifty closed well above its trends decider 200-Day SMAs last Friday.
Nifty-Intra Day Chart Analysis
(18-Jul-2025)
Nifty-Intra Day Chart (18-Jul-2025):-
Technical Patterns formation in today intraday charts
1- More than 200 points fall in first hour
2- More than 5 hours sideways trading between 24919-25004
3- Whole day trading between 24919-25144
Conclusions from intra day chart analysis
Although firstly some upward moves after little negative opening but after that more than 200 points fall was seen in first hour. As more than 5 hours sideways trading between 24919-25004 and some selling patterns indications have also been seeing within this range therefore some more downward moves can not be ruled out in the beginning of next week but finally sustaining beyond 24919-25004 should also be watched for next decisive moves beginning confirmations in the coming week.
Conclusions
(After putting all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is down.
3- Intermediate Term Trend is at stake.
4- Long Term Trend is up
Impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022 after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Its impulsive Wave-(iii) of Wave-3 completed after new life time top formations at 26277.30 on 27-09-2024 and from this level corrective Wave-A of Wave-(iv) of Wave-3 of "ABC" correction begun of which Wave-C completed at 21743.70 on 07-04-2025 and impulsive Wave-(v) of Wave-3 started from this level. Although now impulsive Wave-(v) of Wave-3 continuation with recent top formations at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts but Short Term correction begun from this levels which is also in continuation with recent bottom formations at 24918.65 on 18-07-2025.
Intermediate Term Trend is at stake and Short Term indicators are also suggesting some more downward moves possibility as well as last Friday intraday charts are also showing more downward moves indications therefore firstly sustaining beyond more than 5 hours sideways trading range(24919-25004) of last Friday should be watched in next week for next decisive moves beginning confirmations because:-
1- Intermediate Term Trend decider 55-Day SMA(today at 24969) is also within this range.
2- Finally sustaining beyond 24919-25004 wil confirm Intermediate Term direction which is now at stake.
Next 13 supports below 24919 are as follows which should be watched after downward break down of sideways trading range(24919-25004) one by one for that side next decisive moves beginning confirmations:-
1- 24846-24909
2- 24759-24816
3- 24598-24695
4- 24484-24558
5- 23964-24119
6- 23865-23943
7- 23554-23666
8- 23261-23424(Strong supports)
9- 22924-23207(Gap Support)
10- 22761-22918
11- 22469-22695(Gap Support)
12- 22305-22446
13- 21832-22042
Next 13 resistances above 25004 are as follows which should be watched after upward break out of sideways trading range(24919-25004) one by one for that side next decisive moves beginning confirmations:-
1- 25145-25207
2- 25323-25340(Gap Resistance)
3- 25360-25427
4- 25478-25548
5- 25625-25641
6- 25655-25739(Gap Resistance)
7- 25783-25837
8- 25886-25912
9- 25949-26006
10- 26074-26111
11- 26135-26151(Gap Resistance)
12- 26191-26248
13- 26258-26277