Short Term Upward moves beginning

 expectations amid all the Trends

 turning down confirmations

Technical Analysis,Research & Weekly Outlook

(Feb 17 to Feb 21,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (14-Feb-2025):-

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-(i) of Wave-3 completion at 20222.45 on 15-09-2023 and Wave-A of "ABC" correction beginning.

5- Wave-A of Wave-(ii) of Wave-3 completion at 19333.60 on 04-10-2023.

6- Wave-B of Wave-(ii) of Wave-3 completion at 19849.80 on 17-10-2023.  

7- Wave-C of Wave-(ii) of Wave-3 completion at 18837.80 on 26-10-2023 and impulsive Wave-(iii) of Wave-3 beginning. 

8- 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.

9- Corrective Wave-A of Wave-(iv) of Wave-3 completion at 23263.20 on 21-11-2024.

10- Corrective Wave-B of Wave-(iv) of Wave-3 completion at 24857.80 on 05-12-2024.

11- Corrective Wave-C of Wave-(iv) of Wave-3 continuation with recent bottom formations at 22774.85 on 14-02-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure started from 18887.60 on 01-12-2022 after Corrective Wave-C of "ABC correction" of previous Waves structure completion at this level and from this level corrective Wave-2 begun which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 started from this level.

Impulsive Wave-(i) of Wave-3 completed at 20222.40 on 15-09-20235 and from this level corrective Wave-A of "ABC" correction of Wave-(ii) of Wave-3 begun which completed at 19333.60 on 04-10-2023. Wave-B started from this level which completed at 19849.80 on 17-10-2023 and Wave-C begun which completed at 18837.80 on 26-10-2023. Impulsive Wave-(iii) of Wave-3 started from this level which completed with new life time top formations at 26277.30 on 27-09-2024 and corrective Wave-A of Wave-(iv) of Wave-3 begun from this level. 

Corrective Wave-A of Wave-(iv) of Wave-3 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-(iv) of Wave-3 started from this levels which completed at 24792.30 on 13-12-2024 and from this levels corrective Wave-C of Wave-(iv) of Wave-3 begun which is now in continuation with recent bottom formations at 22774.85 on 14-02-2025 and no indication of its completion yet on EOD charts. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (14-Feb-2025):-

Technical Patterns and Formations in EOD charts

1- Stochastic- Its both lines %K(5) and %D(3) are kissing a little above Over sold zone.

2- Stochastic:- %K(5)- 23.59 & %D(3)- 20.16.

3- Its both MACD line and Average line are kissing above in positive zone.

4- MACD(26,12)- 83.16 & EXP(9)- 108.89 & Divergence- -25.73

Conclusions from EOD chart analysis

(Stochastic & MACD)

Technical positions of Short Term indicators are as follows:-

1- As in Stochastic its both lines %K(5) and %D(3) are kissing a little above Over sold zone therefore it will be understood that at present this indicator is not showing clear signals of Short Term upward moves beginning. Let it move into complete Oversold zone and its both lines to start upward moves after %K(5) line upward intersection of %D(3) line then Short Term upward moves will be seen. 

2- As in MACD indicator its both MACD line and Average line are kissing in positive zone therefore it will be understood that now Short Term Trend is still up but at present this indicator is not showing clear signals of any side immediate Term moves beginning. Let its both lines to start one sided moves after MACD line intersection of Average line then that side decisive moves will be seen.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (14-Feb-2025):-

Technical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 23091 

2- 21-Day SMA is today at 23258

3- 55-Day SMA is today at 23694

4- 100-Day SMA is today at 24080

5- 200-Day SMA is today at 24051

Conclusions from EOD chart analysis

(Averages)

As Nifty has closed well below all the Short to Long Term Trend deciding Averages therefore its is confirm that now all the Trends have tuned down during on going correction and at present no indication of on going correction completion on all the Technical charts.

Nifty-Intra Day Chart Analysis

(14-Feb-2025)

Nifty-Intra Day Chart (14-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 23014-23133(immediate Resistances)

2- Sharp fall 

3- Consolidation between 22775-22881

4- Sharp up

5- Down moves in Bullish Falling Channel

6- Whole day actual trading between 22775-23133

Conclusions from intra day chart analysis 

Although positive opening last Friday and after that firsly some upward were also seen as well as once Nifty traded 100 points up also but higher levels selling developed in first hour therefore sharp fall was seen and Nifty traded 256 points down also. As lower levels more than 3 hours consolidation Patterns formations in Mid-Session therefore sharp upward moves were seen after that. Again consolidation developed in last hour through Down moves in Bullish Falling Channel in last hour therefore lower levels more than 4 hours good intraday consolidation will be understood last Friday hence upward moves are expected toward above mentioned immediate Resistances in the beginning of next week,firstly sustaining it beyond should be watched in the coming week for next decisive moves beginning confirmations. 

Conclusions (After putting

all studies together)

1- Long Term Trend is at down.

2- Intermediate Term trend down.

3- Short Term Trend is down.

All the Tends have turned down during on going that "ABC" correction of Wave-(iv) of Wave-3 which started from 26277.30 on 27-09-2024 after impulsive Wave-(iii) of Wave-3 completion at this level. Now corrective Wave-C of Wave-(iv) of Wave-3 is in continuation after loosing 3502 points in the last more than 4 months and no indication of its completion yet on EOD charts also therefore on going correction continuation posibility can not be ruled out in the coming week/weeks/months. 

Averages are confirming that all the Trends are down and Short Term indicators are also not confirming possibility any side immediate Short Term moves beginning. As last Friday intraday charts are showing lower levels good intraday consolidation pattern formations and Short Term indicator Stochastic is near Over sold zone therefore Short Term Upward moves are expected in the beginning of next week hence firstly sustaining beyond following resistances and levels should be watched one by one for next decisive moves beginning confirmations:- 

1- 1st Resistance between 23014-23133

2- 2nd Resistance between 23178-23235

3- Short Term Trend decider 21-Day SMA(today at 23258)

4- 3rd Resistance between 23213-23348

5- 4th Resistance between 23577-23681

6- Internediate Term Trend decider 55-Day SMA(today at 23694)

7- 5th Resistance between 23745-23807

8- Long Term Trend decider 200-Day SMA(today at 24051)

Next supports below previous week closing are as follows:- 

1- 22760-22881

2- 22291-22395

3- 21884-22191

4- 21502-21582

5- 21417-21500

Finally sustaining beyond 23006-23235

 will confirm next intraday

 decisive moves beginning

Nifty-Intra Day Chart Analysis &

 Market Outlook(14-02-2025)

Nifty-Intra Day Chart (13-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Sharp up

2- Selling between 23178-23235

3- Sharp down

4- Consolidation between 23006-23070

5- Whole day actual trading between 22993-23235

Conclusions from intra day chart analysis 

Although sharp up moves from intraday lower level in first hour but after that selling developed in Mid-Session therefore Nifty fallen sharply also. As lower levels consolidation developed in last hour therefore it will be understood that today whole day trading was with Mixed Patterns formation between 23006-23235 and Nifty will have to trade and prepare for next decisive moves within and near about this range tomorrow as well as finally sustaining beyond this range will confirm next intraday decisive moves beginning.

Finally sustaining beyond Immediate

 Supports & Resistances will form next

 Trend and generate that

 side decisive moves

Nifty-Intra Day Chart Analysis &

Market Outlook(13-02-2025)

Nifty-Intra Day Chart (12-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Sharp fall in first hour

2- Up moves with downward corrections

3- Up moves in Bearish Rising Channel

4- Sharp fall

5- Consolidation between 23963-23022

6- Whole day actual trading between 22799-23144

Conclusions from intra day chart analysis 

Although sharp fall in first hour but after that Up moves were seen with downward corrections which is a consolidation pattern therefore Nifty recovered all intraday loss and traded in Green zone also. As some up moves were in Bearish Rising Channel therefore sharp fall was again seen in Mid-Session. 

As again consolidation was seen in last hour therefore some upward moves can not be ruled out tomorrow but high intraday volatility was seen today and technical positions reverses also during such high volatility therefore Nifty will firstly trade and prepare for next Trend within and near about following immediate Supports and Resistances in the coming sessions,finally sustaining it beyond will form next Short Term Trend and generate that side decisive moves therefore should be watched in the coming sessions for its confirmations:-

1- 22760-22871(Immediate Supports)

2- 23213-23348(Immediate Resistances)

Watch immediate Resistances amid

upward moves expectations

Nifty-Intra Day Chart Analysis &

Market Outlook(12-02-2025)

Nifty-Intra Day Chart (11-Feb-2025):-

Technical Patterns formation in today intraday charts

1- Selling between 23213-23348(immediate Resistances)

2- Sharp fall

3- Consolidation between 22987-23107

4- Whole day trading between 22987-23390

Conclusions from intra day chart analysis 

Although positive opening but slipping 52 points in first 2 minutes and after that selling was seen in first 4 hours therefore sharp fall was seen in Mid-Session. As lower levels consolidation patterns formations in the last more than 2 hours also therefore upward moves are also expected toward above mentioned immediate resistances and finally sustaining it beyond should be watched in the coming session for next intraday moves beginning confirmations.

Finally sustaining beyond 23317-23406

 will confirm next intraday

 decisive moves beginning 

Nifty-Intra Day Chart Analysis &

Market Outlook(11-02-2025)

Nifty-Intra Day Chart (10-Feb-2025):-

Technical Patterns formation in today intraday charts

1- More than 200 points sharp fall in first hour

2- More than 5 hours sideways trading between 23317-23406

3- Whole day actual trading between 23317-23568

Conclusions from intra day chart analysis 

Although firstly more than 200 points sharp fall in first hour but after that more than 5 hours sideways trading was seen between 23317-23406 and one sided intraday trading patterns were not seen within this range therefore Nifty will firstly trade and prepare for next decisive moves within and near about this trading range. Finally sustaining beyond this trading range should be watched tomorrow for next intraday decisive moves beginning confirmations.