Watch next Supports & Resistances
for Nifty Bullish Journey
beginning towards 28263.3
Technical Analysis,Research
& Weekly Outlook
(Nov 24 to Nov 28,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (21-Nov-2025):-
Technical Patterns and Formations in EOD charts
1- Impulsive Wave-3 completion with new life time top formations at 26277.30 on 27-09-2024 and Corrective Wave-A of Wave-4 of "ABC" correction beginning.
2- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.
3- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.
4- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.
5- Impulsive Wave-i of Wave-5 completion at 25669.30 on 30-06-2025.
6- Corrective Wave-ii of Wave-5 completion at 24337.70 on 08-08-2025.
7- Impulsive Wave-iii of Wave-5 continuation with recent top formations at 26246.70 on 20-11-2025.
Conclusions from EOD chart
analysis(Waves structure)
Impulsive Wave-3 of that Waves structure completed after new life time top formations at 26277.30 on 27-09-2024 of which impulsive Wave-1 of new Waves structure started from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" begun from life time top which completed at 23263.20 on 21-11-2024 and Wave-B started from this level which completed at 24857.80 on 05-12-2024. Wave-C of "ABC correction" completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun from this level.
Impulsive Wave-i of Wave-5 completed at 25669.30 on 30-06-2025 and from this levels corrective Wave-ii of Wave-5 begun which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 started which is now in continuation with its recent top formations at 26246.70 on 20-11-2025 and no confirmation of its completion yet on EOD charts therefore its continuation is expected in the coming week/weeks.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (21-Nov-2025):-
Technical Patterns and Formations in EOD charts
1- Stochastic- Its both lines %K(5) and %D(3) are kissing in Over bought zone.
2- Stochastic:- %K(5)- 78.97 & %D(3)- 80.91.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 113.57 & EXP(9)- 49.57 & Divergence- 64.00
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 bought 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 below Over bought zone after %K(5) line downward intersection then decisive doenward 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 zone therefore it will be understood that MACD indicator has generated signals of more upward moves beginning.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (21-Nov-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 26047(Very Short Term Trend decider)
2- 21-Day SMA is today at 25847(Short Term Trend decider)
3- 55-Day SMA is today at 25390(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25192
5- 200-Day SMA is today at 24515(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
Although Nifty closed 124 points down last Friday but closed above all the trends deciding Averages therefore now all the trends are up.
Nifty-Intra Day Chart Analysis
(21-Nov-2025)
Nifty-Intra Day Chart (21-Nov-2025):-
Technical Patterns formation in today intraday charts
1- Whole day intraday volatility after negative opening
2- Whole day trading between 26053-26179
Conclusions from intra day
chart analysis
As sentiment was depressed due to most Global markets too much weakness last Friday and in Indian markets whole day only intraday volatility was seen between 26053-26179 after negative opening that day therefore firstly sustaining beyond this range should be watched in the beginning of next week for next decisive moves beginning confirmations because intraday technical positions reverses also many times during such high intraday volatility.
Conclusions
(After putting all studies together)
1- Very Short Term Trend is Up.
2- Short Term Trend is Up.
3- Intermediate Term Trend is Up.
4- Long Term Trend is Up.
Waves structure which started through its Impulsive Wave-1 from 15183.40 on 17-06-2022 is now in continuation. Its impulsive Wave-3 completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-4 "ABC" correction begun from this level which completed after its Wave-C completion at 21743.70 on 07-04-2025 and impulsive Wave-5 started from this level. Now impulsive Wave-iii of Wave-5 continuation with recent top formations at 26246.70 on 20-11-2025 which is only 30.60 points below life time top. As no indication of on going Wave-iii of Wave-5 completion yet on EOD charts therefore its continuation is expected above lfe time top(26277.30) in the coming week/weeks.
Averages are suggesting that all the Trends are now up and Short Term indicator MACD in indicating more upward moves possibility but another Short Term indicator Stochastic its both lines %K(5) and %D(3) are kissing in Over bought zone therefore only Short Term correction possibility will be considered after its both lines moving below Over bought zone after %K(5) line downward intersection. As whole day only intraday volatility between 26053-26179 last Friday firstly sustaining beyond this range with following supports and resistances should be watched in the coming week/weeks for next decisive and bigger moves beginning confirmations.
Next resistances above last Friday closing and upto life time top are as follows:-
1- 24144-24173
2- 26191-26248
3- 26258-26277
Next supports within and below last Friday trading range are as follows:-
1- 26064-26114
2- 25991-26021
3- 25887-25921
Minimum target of on going Nifty Wave-iii of Wave-5 at 28263.3 was posted on 25-10-2025 in "Minimum target of Nifty is at 28263.3 which will be seen in the coming year/years" and its Bullish Journey will begin after new life time top formations above 26277.30 in the coming week/weeks. As only Short Term possibility therefore firstly sustaining beyond above mentioned supports should be watched one by one and finally sustaining beyond above mentioned resisatnces should be watched one by one for these bigger moves beginning indications and confirmations.