Rally continuation amid only
a Short Term Correction possibility
Technical Analysis,Research & Weekly
Outlook(Sep 22 to Sep 26,2025)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (19-Sep-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 25669.30 on 30-06-2025.
7- Short Term correction completion with recent bottom formations at 24337.70 on 08-08-2025.
8- Pull Back Rally continuation with recent top formations at 25428.75 on 19-09-2025.
Conclusions from EOD chart analysis
(Waves structure)
Impulsive Wave-(iii) of Wave-3 started from 18837.80 on 26-10-202 after corrective Wave-C of Wave-(ii) of Wave-3 of "ABC" correction completion at this level. 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 "ABC" correction begun.
Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and from this level Wave-B of Wave-(iv) of Wave-3 started 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 impulsive 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 started from this level which completed at 24337.70 on 08-08-2025. A strong Pull Back Rally begun from this levels which is now in continuation with its recent top formations at 25428.75 on 19-09-2025 and no confirmation of its completion yet on EOD charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (19-Sep-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)- 86.51 & %D(3)- 90.11.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 233.87 & EXP(9)- 97.42 & Divergence- 136.45
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 downward 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 is now confirming Short Term Upward Trend formations and resultant on going upward moves will remain continued in the coming weeek/weeks also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (19-Sep-2025):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25277(Very Short Term Trend decider)
2- 21-Day SMA is today at 24908(Short Term Trend decider)
3- 55-Day SMA is today at 24937(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24901
5- 200-Day SMA is today at 24151(Long Term Trend decider)
Conclusions from EOD chart analysis
(Averages)
As Nifty has closed well above all the averages last Friday therefore all the Trends are up now. It has also been seen that Nifty closed above Intermediate Term Trend decider 55-Day SMA continuously for the last 8 sessions therefore Intermediate Term Trend has turned up now and it is strong indication of on going rally continuation in the coming week/weeks because Long Term Trend is already up for the last more than 4 months.
Nifty-Last 2 Sessions intraday
charts analysis
Nifty-Intra Day Chart (Sep 18 & Sep 19,2025):-
Technical Patterns formation in last 2 Sessions intraday charts
1- More than 3 hours selling between 25408-25448 on 18-09-2025.(Immediate resistance)
2- Downward moves on 18-09-2025.
3- Almost 2 hours consolidation between 25337-25378 on 18-09-2025.
4- Sharp up in last hour on 18-09-2025.
5- 105 Points down in first 5 minutes after flat opening on 19-09-2025.
6- Almost 6 hours sideways trading between 25287-25359
7- Last 2 Sessions trading between 25287-25448
Conclusions from 2 Sessions
intra day chart analysis
As more than 3 hours selling between 25408-25448 on 18-09-2025 and lower levels consolidation was also seen same day therefore sharp upward moves developed in last hour that day. Although Nifty closed near the higher levels of the day on 18-09-2025 but higher levels good intraday selling was also seen therefore firstly 105 Points sharp downward moves developed in first 5 minutes after flat opening on 19-09-2025.
Almost 6 hours sideways trading was seen between 25287-25359 on 19-09-2025 and whole day trading was with Mixed Patterns formation between 25330-25443 one day before on 18-09-2025 also therefore it will be understood that one sided clear intraday trading patterns could not developed in last 2 sessions between 25287-25448 hence expected that Nifty will firstly trade and prepare for next bigger moves within and near about this range in the beginning of next week. As finally sustaining beyond 25287-25448 will confirm next bigger moves beginning therefore it should also be firstly watched in the beginning of coming week.
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.
Impulsive Wave-(v) of Wave-3 of that Waves structure is in continuation with its recent top formation at 25669.30 on 30-06-2025 which started through Impulsive Wave-1 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. 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 from this impulsive Wave-(v) of Wave-3 started which is now in continuation with its recent top formations at 25669.30 on 30-06-2025. Short Term correction which begun from this levels has been completed after its bottom formations at 24337.70 on 08-08-2025 and a strong Pull Back rally started from this levels which is now in continuation with its recent top formations at 25428.75 on 19-09-2025 and no indication of its completion yet on EOD and intraday charts.
Although Short to Long Term Averages are now confirming that all the Trends have turned up and Short Term indicator MACD is also confirming it and on going upward moves will remain continued also but another Short Term indicator Stochastic is completely Over bought therefore Short Term correction beginning possibility can not be ruled out from any day in the coming weeek/weeks.
As higher levels good intraday selling was seen on 18-09-2025 and clear one sided intraday trading patterns formations were could not develop in last 2 sessions intraday charts therefore it will be understood that last 2 sessions trading was with Mixed Patterns formation between 25287-25448 and finally sustaining beyond this range will confirm on going Pull Back rally continuation immediately or after some more Short Term corrections.
It has also been seen that some times Short Term corrections complets within sideways trading range also therefore firstly sustaining beyond following levels and supports should be watched one by one for next upward moves beginning after Short Term correction completion:-
1- Lowest of last 2 sessions trading range at 25287
2- 25262-25275(Gap Supports)
3- 25151-25183
4- 25066-25097
5- 25039-25061
Next resistances above last Friday closing and towards the top(25669.30) of impulsive Wave-(v) of Wave-3 are as follows:-
1- 25408-25448
2- 25465-25501
3- 25498-25587
Next resistances above the top(25669.30) of impulsive Wave-(v) of Wave-3 are as follows:-
1- 25670-25739(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
