Finally Bullish Wave-(v) of Wave-3
continuation after on going Short Term
correction completion
Technical Analysis,Research & Weekly
Outlook(Jul 07 to Jul 11,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (04-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 25331.70 on 04-07-2025.
Conclusions from EOD chart analysis
(Waves structure)
Impulsive Wave-1 of new Waves structure begun from 15183.40 on 17-06-2022 after Corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-(i) of Wave-3 begun 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 started 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 begun 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 started 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 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-(iv) of Wave-3 started which completed at 21743.70 on 07-04-2025 and Wave-(v) of Wave-3 begun 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 25331.70 on 04-07-2025 and no confirmation of its completion also on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (04-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)- 31.57 & %D(3)- 47.64.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 335.93 & EXP(9)- 200.37 & Divergence- 135.56.
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 signalling more downward moves 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 confirming upward trend formations and resultant finally upward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (04-Jul-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25475(Very Short Term Trend decider)
2- 21-Day SMA is today at 25157(Short Term Trend decider)
3- 55-Day SMA is today at 24779(Intermediate Term Trend decider)
4- 100-Day SMA is today at 23933
5- 200-Day SMA is today at 24090(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty is closing below Very Short Term Trends decider 5-Day SMA for the last 3 sessions during on going Short Term Correction therefore this Trend is now down but all the Short to Long Term Trends are up because Nifty closed well above these all trends decider 21-Day to 200-Day SMAs last Friday.
Nifty-Intra Day Chart Analysis
(04-Jul-2025)
Nifty-Intra Day Chart (04-Jul-2025):-
Technical Patterns formation in today intraday charts
1- 56 Points fall in first 25 minutes after positive opening.
2- Up moves in Bearish Rising Channel
3- Sharp fall
4- Consolidation between 25332-25387
5- Sharp up
6- Up moves with downward corrections
7- Whole day trading between 25332-25470
Conclusions from intra day chart analysis
As firstly 56 points fall in first 25 minutes after positive opening and after that intraday selling pattern of Up moves in Bearish Rising Channel formations also therefore sharp fall was seen in Mid-session and Nifty traded 73 points down after loosing all opening gains. More than 2 hours lower levels consolidation was also seen between 25332-25387 therefore sharp upward moves developed and last hour upward moves were with downward corrections hence finally Nifty closed near the higher levels of the day with 55 points gains.
Although Nifty closed near the higher levels of the day last Friday but sufficiently good intraday selling patterns were seen that day and immediate resistances of Nifty are little above last Friday closing are between 25498-25587 also therefore expected that Nifty will firstly trade and prepare for next decisive moves within and near about 25406-25587 as well as finally sustaining beyond this range will confirm next intraday decisive moves beginning in next week.
Conclusions
(After putting all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is up.
3- Intermediate Term Trend is up.
4- Long Term Trend is up.
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 that Waves structure started,its impulsive Wave-(iii) of Wave-3 completed after new life time top formations at 26277.30 on 27-09-2024. 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 25222.40 on 11-06-2025 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 25331.70 on 04-07-2025 and no confirmation of its completion also on EOD charts.
Although Short Term indicator Stochastic is signalling more downward moves possibility in the coming week but another Short Term indicator MACD is confirming upward trend formations and resultant finally upward moves beginning possibility also therefore it will be understood that Short Term indicators are signalling fresh upward moves beginning possibility after on going Short Term correction completion.
As all the Short to Long Term Trends are up and Bullish Hammer Candle with some intraday consolidation patterns formation was also seen last Friday therefore expected that finally upward moves of impulsive Wave-(v) of Wave-3 will be seen after getting supports within or near about following next supports which are below on going Short Term correction lowest(25332):-
1- 25191-25248
2- 25009-25056