Finally decisive upward moves
after fresh intraday consolidation
Technical Analysis,Research & Weekly
Outlook(Jun 29 to Jul 03,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (25-Jun-2026):-
Technical Patterns and Formations in EOD charts
1- Impulsive Wave-3 completion after 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 with new life time top formations at 26373.20 on 05-01-2026.
6- Corrective Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026.
7- Pull Back Rally completion at 24601.70 on 21-04-2026.
8- Correction continuation with recent bottom formations at 23070.20 on 08-06-2026.
9- Last 54 sessions trading between 23071-24601 after 701 points gap up opening on 08-04-2026.
10- Last 9 sessions trading between 23785-24261.
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 this level 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" begun from this level which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 started from this level. Impulsive Wave-i of Wave-5 completed after its recent high and new life time top formations at 26373.20 on 05-01-2026 and from this levels corrective Wave-ii of Wave-5 begun which is now in continuation after its recent lowest formations at 22182.55 on 02-04-2026 and no confirmation of its completion yet on EOD charts.
Pull Back Rally begun from the bottom of corrective Wave-ii of Wave-5 and 3 sessions after its beginning 701 points gap up opening was seen on 08-04-2026 because US President Donald Trump suddenly announced ceasefire of Middle East war. Since then Nifty is trading within 1530 points between 23071-24601 for the last 54 sessions because there was complete confusion regarding Middle East war escalation or De-escalation possibilities.
Although US and Iran both have signed MoU To end War but Nifty is still trading sideways within last 9 sessions trading range(23785-24261) and last 54 sessions trading range(23071-24601). Let Nifty to sustain beyond these 2 trading ranges one by one then that side bigger decisive moves will be seen.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (25-Jun-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 towards Over sold zone.
2- Stochastic:- %K(5)- 41.70 & %D(3)- 44.25.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 318.82 & EXP(9)- 71.47 & Divergence- 247.35
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 and this indicator has not turned Over sold yet therefore it will be understood that this indicator is showing more downward moves possibility.
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 has shown upward Trend formations and more upward moves beginning possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (25-Jun-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24004(Very Short Term Trend decider)
2- 21-Day SMA is today at 23666(Short Term Trend decider)
3- 55-Day SMA is today at 23843(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24161
5- 200-Day SMA is today at 24886(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty has closed above Short and Intermediate Term Trends deciding 21-Day and 55-Day SMAs in the last 9 sessions therefore these 2 Trends are up. Although Nifty has closed above Very Short Term Trend deciding 5-Day SMA lat Thursday but Nifty has hovered it around in the last 5 sessions therefore this Trend is now at stake. As Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 4 months therefore this Trend is still down.
Nifty-Intra Day Chart Analysis
(25-Jun-2026)
Nifty-Intra Day Chart (25-Jun-2026):-
Technical Patterns formation in today intraday charts
1- More than 4 hours selling between 24164-24261
2- Sharp fall
3- Down moves in Bullish Falling Channel
4- Whole day trading between 24039-24261
Conclusions from intra day
chart analysis
Although firstly upward moves after 104 points positive opening and Nifty traded 239 points up also but more than 4 hours selling was seen between 24164-24261 in Mid-Session therefore sharp fall developed after 2 PM. As lower levels consolidation through downward moves in Bullish Falling Channel was also seen in last hour therefore firstly upward moves are expected towards last Thursday intraday selling range(24164-24261) and finally sustaining beyond this range should be watched in the beginning of coming week for next decisive moves beginning.
Conclusions (After putting all
studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is up.
3- Intermediate Term Trend is up.
4- Long Term Trend is down.
Waves structure which started more than 3 years before through its impulsive Wave-1 from 15183.40 on 17-06-2022 is now in continuation through its impulsive Wave-5 of which impulsive Wave-i completed after new life time top formations at 26373.20 on 05-01-2026. Now Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026 and no confirmation of its completion yet on EOD charts. Pull Back Rally started from this level which completed at 24601.70 on 21-04-2026 and from this level correction begun which is now in continuation with its recent bottom formations at 23070.20 on 08-06-2026 and no confirmation of its completion also on EOD and intraday charts.
As Middle East war escalation or De-escalation uncertainty therefore Indian Stock markets have turned sideways between 23071-24601 in the last 54 sessions and were preparing for next bigger decisive moves within this range which will be seen through one sided bigger moves beginning after Middle East war final decision. Although US and Iran both have now signed MoU To end War but Nifty is still trading sideways within last 9 sessions trading range(23785-24261) and last 54 sessions trading range(23071-24601). Let Nifty to sustain beyond these 2 trading ranges one by one then that side bigger decisive moves will be seen.
Long Term Trend is still down which will be up only after last 54 sessions trading range upward break out because its decider 200-Day SMA is today at 24886 which less than 300 points above last 54 sessions trading range highest. Short and Intermediate Term Trends have turned up after the MoU signing of US and Iran war ending. Although Short Term Indicator Stochastic is showing some more downward moves possibility but another Short Term Indicator MACD is showing upward Trend formations and more upward moves possibility therefore expected that finally decisive upward moves will be seen.
Although good intraday selling last Thursday between 24164-24261 but expected that finally decisive upward moves will be seen above this slling range after fresh intraday consolidation because Short Term Indicator MACD has shown upward Trend formations. next resistances above last week closing are as follows:-'
1- 24164-24261
2- 24343-24381
3- 24387-24453
4- 24533-24579
Next supports below last week closing are as follows:-'
1- 23971-23997
2- 23787-23881
3- 23646-23785(Gap Support)
