Sustaining above Long Term Trend
decider 200-Day SMA will confirm
next bigger moves beginning
towards/above life time top
Technical Analysis, Research &Weekly
Outlook(Jun 22 to Jun 25,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (19-Jun-2026):-
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-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.
5- Corrective Wave-A of Wave-4 completion at 23263.20 on 21-11-2024.
6- Corrective Wave-B of Wave-4 completion at 24857.80 on 05-12-2024.
7- Corrective Wave-C of Wave-4 completion at 21743.70 on 07-04-2025 and Impulsive Wave-5 beginning from this level.
8- Impulsive Wave-i of Wave-5 completion with new life time top formations at 26373.20 on 05-01-2026.
9- Corrective Wave-ii of Wave-5 continuation with recent bottom formations at 22182.55 on 02-04-2026.
10- Pull Back Rally completion at 24601.70 on 21-04-2026.
11- Correction continuation with recent bottom formations at 23070.20 on 08-06-2026.
12- Last 50 sessions trading between 23071-24601 after 701 points gap up opening on 08-04-2026.
13- Last 5 sessions trading between 23818-24189.
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 begun. Its Wave-1 completed at 18887.60 on 01-12-2022 and corrective Wave-2 started from this level which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 begun from this level which completed with new life time top formations at 26277.30 on 27-09-2024. Corrective Wave-A of Wave-4 of "ABC correction" started from this level which completed at 23263.20 on 21-11-2024 and Wave-B begun from this level which completed at 24857.80 on 05-12-2024. Wave-C of "ABC correction" started from this level which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 begun 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 started 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 50 sessions because there was complete confusion regarding Middle East war escalation or De-escalation possibilities.
As US and Iran both agreed to Sign MoU To end War in Geneva on June 19,2026 therefore 338 points gap up opening was seen on 15-06-2026 and after that Nifty traded all the 5 sessions previous week between 23818-24189. MoU has been signed between US and Iran and its reaction on Indian Stock markets will be seen in the coming week/weeks firstly through sustaining beyond last 5 sessions trading range and after that finally sustaining beyond last 50 sessions trading range which will form next Trend and generate next one sided bigger moves.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (19-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 in Over bought zone.
2- Stochastic:- %K(5)- 82.66 & %D(3)- 91.08.
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)- 71.10 & EXP(9)- -141.69 & Divergence- 212.79
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 in Over bought zone therefore it will be understood that this indicator has shown first signal of fresh downward moves beginning possibility. Let its both lines to move below Over bought zone 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 and negative zone therefore it will be understood that this indicator has shown first signal of upward Trend formations and fresh upward moves beginning also. Let its both lines to move into positive zone then decisive upward moves will be seen.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (19-Jun-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 24022(Very Short Term Trend decider)
2- 21-Day SMA is today at 23634(Short Term Trend decider)
3- 55-Day SMA is today at 23747(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24210
5- 200-Day SMA is today at 24897(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty traded and closed above Short and Intermediate Term Trends deciding 21-Day and 55-Day SMAs in all the 5 sessions of previous week therefore these 2 Trends are now up. Although Nifty closed above Very Short Term Trend deciding 5-Day SMA in all the 5 sessions of previous week but Nifty hovered around it last Friday 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 3 months therefore this Trend is still down.
Nifty-Last 5 Sessions intraday
charts analysis
Nifty-Intra Day Chart (Jun 15 to Jun 19,2026):-
Technical Patterns formation in last 5 Sessions intraday charts
1- Selling(Resistances) in last 5 Sessions are as follows:-
A- 23939-23971
B- 23933-24008
C- 23834-23934
2- Consolidation(Supports) in last 5 Sessions are as follows:-
A- 23889-23954
3- Mixed Patterns formation in last 5 Sessions are as follows:-
A- 24006-24138.
4- 146 Points volatility in last hour on 19-06-2026 between 23901-24047
5- Last 5 Sessions trading between 23818-24189
Conclusions from 5 Sessions intra
day chart analysis
As the world had seen a historic step towards peace after the darkness of war, the sun of peace has risen because US and Iran agreed to Sign MoU To end War in Geneva on June 19,2026 therefore sentiment boosted and in reaction all the Global Stock markets jumped and resultant 338 points gap up(23646-23984) opening was seen on 15-06-2026 and after that all the 5 sessions previous week trading was seen between 23818-24189 with above mentioned intraday trading patterns formations. Whole previous week trading was under the confusion of uncertainty regarding MoU signing because attacking news from both sides were also coming therefore:-
1- Whole week previous week trading was within 371 points between 23818-24189.
2- Previous week "Doji Candle weekly Candle" was formed with almost same upper and lower shadows.
3- All types of intraday patterns(Consolidation, Selling, Mixed and volatility) were seen in previous week.
It is clear from previous week intraday trading patterns that one sided intraday trading patterns were not formed and Nifty traded within 371 points as well as "Doji Candle weekly Candle" was formed therefore it will be understood that at present Nifty is not prepared for any side decisive moves beginning hence Nifty will firstly trade and prepare for it in the coming week between 23818-24189. Let Nifty to prepare and accordingly sustain beyond this last 5 sessions trading range then that side next decisive moves will be seen.
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.
Impulsive Wave-i of Wave-5 of that waves structure completed after new life time top formations at 26373.20 on 05-01-2026 of which impulsive Wave-1 begun more than 4 years before from 15183.40 on 17-06-2022. Now its corrective Wave-ii of Wave-5 continuation with its 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 correction begun from this level which is now in continuation also with its recent bottom formations at 23070.20 on 08-06-2026.
Nifty turned sideways and traded in the last 50 sessions between 23071-24601 because there was complete uncertainity regarding Middle East war escalation or De-escalation possibility. Nifty traded all the 5 sessions of previous week between 23818-24189 because this news came on 15-06-2026 that US and Iran both have agreed to Sign MoU To end War in Geneva on June 19,2026. As MoU has been signed between US and Iran therefore firstly sustaining beyond last 5 sessions trading range and after that finally sustaining beyond last 50 sessions trading range should be watched in the coming week/weeks for next one sided bigger moves beginning in the reaction of this news.
Both the Short Term Indicators are not showing immediate direction but suggesting next one sided moves beginning also according to next immediate Short Term trend formations therefore let break out/down of both sideways trading range happen then that side these Short Term Indicators will confirm next direction.
Although Short and Intermediate Term Trends have turned up in previous week in the expectations of Middle East war end but Long Term Trend is still down which will be up only after last 50 sessions trading range upward break out. As US and Iran both have agreed to Sign MoU To end War therefore if Nifty sustains above Long Term Trend decider 200-Day SMA (today at 24897) then one sided bigger upward moves will be seen towards/above life time top after on going correction completion and all the Trends turning up confirmations.
Supports and Resistances within last 5 Sessions trading range has been updated above and next Supports and Resistances beyond this range have already been updated in previous week Weekly Outlook therefore not being posted in this week Weekly Outlook.
