Watch next resistances amid firstly
Upward moves expectations
Technical Analysis,Research & Weekly
Outlook(Sep 01 to Sep 05,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (29-Aug-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 bottom at 24337.70 on 08-08-2025.
14- Pull Back Rally top formations at 25153.70 on 21-08-2025.
15- Short Term correction continuation with recent bottom formations at 24404.70 on 29-08-2025.
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 started 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 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 completed at 24337.70 on 08-08-2025 and from this level a Pull Back Rally started which also completed after top formations at 25153.70 on 21-08-2025. Short Term correction begun from this levels which is also in continuation with recent bottom formations at 24404.70 on 29-08-2025 and no confirmation of its completion also on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (29-Aug-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- Its both lines %K(5) and %D(3) are kissing in Over sold zone.
2- Stochastic:- %K(5)- 03.66 & %D(3)- 11.44.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive and negative zone.
4- MACD(26,12)- 112.18 & EXP(9)- -20.65 & Divergence- 132.83
Conclusions from EOD chart analysis
(Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator its both lines %K(5) and %D(3) are kissing in Over sold zone therefore it will be understood that at present this indicator is not showing any side decisive moves beginning possibility. Let its both lines to move above Over sold zone after %K(5) line upward intersection then decisive upward moves will be seen.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive and negative zone and its MACD line is at 112.18 also therefore it will be understood that this indicator has started to show signals of upward trend formations and resultant also suggesting fresh upward moves beginning possibility after on going Short Term Correction completion.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (29-Aug-2025):
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24695(Very Short Term Trend decider)
2- 21-Day SMA is today at 24708(Short Term Trend decider)
3- 55-Day SMA is today at 24984(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24686
5- 200-Day SMA is today at 24071(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
Although Nifty opened above Intermediate Term Trend decider 55-Day SMA in the beginning of previous week but closed below it in all the 5 sessions of previous week and also closed 100-Day SMA in both last sessions therefore Intermediate Term Trend has turned down. As Nifty has closed well below both Very Short Term and Short Term Trends deciders 5-Day and 21-Day SMAs last Friday therefore these 2 Trends are also down.
As Nifty has closed well above Long Term Trend decider 200-Day SMA last Friday therefore this Trend is up but Nifty has closed below 100-Day SMA in the last 2 sessions therefore firstly sustaining it beyond should be watched in the coming week/weeks for first signal of next decisive moves beginning towards or away 200-Day SMA.
Nifty-Intra Day Chart Analysis
(29-Aug-2025)
Nifty-Intra Day Chart (29-Aug-2025):-
Technical Patterns formation in today intraday charts
1- Down moves in Bullish Falling Channel
2- Sharp up
3- Selling between 24537-24571
4- Down moves in Bullish Falling Channel
5- Whole day trading between 24405-24572
Conclusions from intra day chart analysis
Although firstly downward moves after 34 points negative opening in first hour last Friday but were in Bullish Falling Channel therefore sharp upward moves were seen after that. As higher levels selling developed in Mid-Session therefore again downward moves begun which remained continued till last minutes.
As more than last 2 hours downward moves were in Bullish Falling Channel which is a consolidation pattern and this pattern was seen in first hour also therefore upward moves are expected towards last Friday highest(24572.45) in the beginning of next 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 down.
4- Long Term Trend is up.
Impulsive Wave-1 of which Waves structure started from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-(v) of Wave-3 with its recent top formation at 25669.30 on 30-06-2025 and no confirmation of its completion yet on EOD charts. Correction begun from this level which is also in continuation with its recent bottom formations at 24337.70 on 08-08-2025. Although a Pull Back Rally started from this levels which completed at 25153.70 on 21-08-2025 and again Short Term correction begun from this level which is also in continuation with recent bottom formations at 24404.70 on 29-08-2025 and no confirmation of its completion also on EOD charts.
Although all the Trends are down except Long Term Trend which is up and Nifty closed at the weekly lowest after previous week sharp fall also but indicators are suggesting that fresh Short Term upward moves may start in the coming week. As last Friday intraday chart is showing upward moves beginning possibility therefore firstly sustaining beyond following next resistances should be watched one by one in the coming week/weeks for next decisive moves beginning confirmations:-
1- 24537-24571
2- 24648-24684
3- 24756-24833
4- 24969-25015
5- 25120-25153
As correction is very much on therefore following next supports should also be watched before on going correction completion confirmations:-
1- 24356-24462(Strong supports)
2- 24165-24337(Gap Support)
3- 24042-24139
4- 23859-23987
5- 23785-23872
6- 23557-23615
7- 23299-23445
8- 22924-23207(Gap Support)
9- 22761-22918
10- 22469-22695(Gap Support)
11- 22285-22446
12- 21832-22042