Watch Levels amid "NIFTYIT"
Index deeper correction led
sharp downward moves
Technical Analysis,Research & Weekly
Outlook(Feb 16 to Feb 20,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (13-Feb-2026):-
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 high and new life time top formations at 26373.20 on 05-01-2026.
8- Correction completion at 24571.8 on 01-02-2026.
9- 1252.8 Points jump to 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%.
10- Correction continuation with recent bottom formations at 25444.30 on 13-02-2026.
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 started which completed at 24337.70 on 08-08-2025. From this level impulsive Wave-iii of Wave-5 begun which is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 and no confirmation of its completion yet on EOD charts.
That forceful correction which started from life time top was completed on Union Budget 2026-27 day of 01-02-2026 after loosing 1801 points in only 19 sessions. Huge 1252.8 Points jump was seen with intraday highest formations at 26341.2 on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18%. Although such strong upward move on this Bullish news but Nifty could not sustain and correction begun which is now continuation with its recent bottom formations at 25444.30 on 13-02-2026 and no indication of its completion also on EOS and intraday charts.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (13-Feb-2026):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line downward and its both lines are falling from Over bought zone.
2- Stochastic:- %K(5)- 51.65 & %D(3)- 68.53.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive & negative zone.
4- MACD(26,12)- 253.73 & EXP(9)- 56.60 & Divergence- 310.33.
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 from Over bought zone therefore it will be understood that this indicator has shown clear signals of more downward moves in the coming sessions.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive & negative zone therefore it will be understood that MACD indicator has shown better signals of Short Term upward trend formations and fresh upward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (13-Feb-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25807(Very Short Term Trend decider)
2- 21-Day SMA is today at 25479(Short Term Trend decider)
3- 55-Day SMA is today at 25804(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25684
5- 200-Day SMA is today at 25293(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty is closing Long Term Trend decider 200-Day SMA for the last 9 sessions therefore Long Term Trend is now up. Very Short to Intermediate Term Trends are now at stake because Nifty has closed below all these 3 Trends decining Averages Last Friday after 1.46% sharp fall that day.
Nifty-Intra Day Chart Analysis
(13-Feb-2026)
Nifty-Intra Day Chart (13-Feb-2026):-
Technical Patterns formation in today intraday charts
1- 246 Points sharp fall in first minute after 181 points gap down opening
2- More than 5 hours trading with mixed Patterns formation between 25517-25602
3- Downward moves in last hour
4- Whole day trading between 25445-25630
Conclusions from intra day
chart analysis
As US markets were closed more than 1% to more than 2% down last Thursday and most Asian markets were also trading more than 1% down last Friday morning therefore sentiment turned depressed and firstly 246 points sharp fall was seen in first minute after 181 points gap down opening. More than 5 hours trading was seen with mixed Patterns formation between 25517-25602 and after that downward moves developed in last hour therefore Nifty closed 1.30% down last Friday.
Although such deeper downward moves were seen last Friday but:-
1- sentiment was too much depressed due to "NIFTYIT" Index deeper correction in previous week and lower levels some buying also can not be ruled out for giving supports to market
2- therefore firstly sustaining beyond last Friday more than 5 hours trading range(25517-25602) should be watched in the beginning of next week because
3- clear intraday selling patterns were not seen and mixed Patterns formations were within this range last Friday.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is is at stake.
3- Intermediate Term Trend is at stake.
4- Long Term Trend is up.
Impulsive Wave-iii of Wave-5 of that Waves structure is now in continuation with its recent high and new life time top formations at 26373.20 on 05-01-2026 of which Wave-1 begun more than 3 years before from 15183.40 on 17-06-2022. That Short Term Correction which begun from life time top was completed on Budget 2026-27 day(01-02-2026) after its bottom formations at 24571.8. Although Nifty jumped 1252.8 Points on 03-02-2026 after Trump announcement of reducing Indian tariffs from 50% to 18% but Nifty could not sustain and correction started which is now continuation and no indication of its completion yet on EOS and intraday charts.
As during on going Short Term correction 1.30% sharp downward moves were seen on 13-02-2026 therefore Short to Intermediate Term Trends have turned at stake but Long Term Trend is still up. Although Short Term indicator MACD is showing signals of upward moves beginning possibility but another Short Term indicator Stochastic is indicating more downward moves possibility in the coming week.
As in previous week "NIFTYIT" Index deeper correction led downward moves were seen in Indian Stock markets and on last Friday most time trading was seen with mixed Patterns formation between 25517-25602 therefore firstly sustaining beyond this range(25517-25602) should be watched in the beginning of coming week because it will confirm next one sided decisive bigger moves beginning. Next supports and resistances beyond this range are as follows which should be watched one by one for next decisive moves beginning according to this range final break out confirmations:-
Next supports below 25517 are as follows:-
1- 25109-25444(Gap supports)
2- 24680-24924
3- 24619-24975
All the next resistances above 25602 are as follows:-
1- 25631-25752(Gap resistances)
2- 25842-25881
3- 25947-25984
4- 26069-26108
5- 26149-26181
6- 26216-26260
7- 26329-26373
