Impulsive Wave-5 upward moves continuation amid only a Short Term Correction possibility

Technical Analysis,Research & Weekly 

Outlook(Oct 20 to Oct 24,2025)

Nifty-EOD Chart Analysis

(Waves structure)

Nifty-EOD Chart (17-Oct-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-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.

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-5 continuation with recent top formations at 25781.50 on 17-10-2025.

Conclusions from EOD chart analysis

(Waves structure)

Impulsive Wave-1 of new Waves structure begun from 15183.40 on 17-06-2022 after Corrective Wave-C of "ABC correction" of previous waves structure completion at this level. 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 and corrective Wave-A of "ABC correction" of Wave-4 started from this level.

Corrective Wave-A of Wave-4 completed at 23263.20 on 21-11-2024 and Wave-B of Wave-4 begun from this levels which completed at 24857.80 on 05-12-2024. From this level corrective Wave-C of Wave-4 started which completed at 21743.70 on 07-04-2025 and Wave-5 begun from this level. 

Now impulsive Wave-5 continuation with its recent top formations at 25781.50 on 17-10-2025 and no indication of its completion yet on EOD charts. Previous high of on going impulsive Wave-5 was formed at 25669.30 on 30-06-2025 and from this level 3 times Short Term corrections and 3 times Pull Back Rallies were seen with higher lows and higher tops formations therefore finally Nifty moved above previous high(25669.30) of Wave-5 and formed Wave-5 new high at 25781.50 on 17-10-2025. 

Nifty-EOD Chart Analysis

(Stochastic & MACD)

Nifty-EOD Chart (17-Oct-2025):-

Technical Patterns and Formations in EOD charts

1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising in Over bought zone.

2- Stochastic:- %K(5)- 90.25 & %D(3)- 76.91.

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)- 164.06 & EXP(9)- -8.19 & Divergence- 172.25.

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 upward and its both lines are rising in Over bought zone therefore it will be understood that at present this indicator is showing some more upward moves possibility but remain cautious also because Stochastic is moving within and near about Over bought zone for the last 2 weeks and Short Term correction is on cards which may also begin any day after selling patterns formations on  intraday charts.

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 strong signals of Upward Trend formations and resultant decisive upward moves beginning in the coming week/weeks.

Nifty-EOD Chart Analysis

(Averages)

Nifty-EOD Chart (17-Oct-2025):-

echnical Patterns and Formations in EOD charts

Averages:-

1- 5-Day SMA is today at 25398(Very Short Term Trend decider) 

2- 21-Day SMA is today at 25113(Short Term Trend decider) 

3- 55-Day SMA is today at 24910(Intermediate Term Trend decider) 

4- 100-Day SMA is today at 24986 

5- 200-Day SMA is today at 24230(Long Term Trend decider) 

 

Conclusions from EOD chart analysis

(Averages)

Long Term Trend was already up and Nifty closed weli above all the Trends deciding Averages last Friday after previous week strong rally therefore all the Trends are now up.

Nifty-Intra Day Chart Analysis

(17-Oct-2025)

Nifty-Intra Day Chart (17-Oct-2025):-

Technical Patterns formation in today intraday charts

1- Upward moves after negative opening

2- Selling between 25749-25781

3- Sharp fall

4- Consolidation between 25629-25694

5- Down moves in Bullish Falling Channel

6- Whole day trading between 25509-25781

Conclusions from intra day chart analysis 

Although negative opening last Friday but firstly 240 points upward moves were seen in first 2 hours. As higher levels selling developed therefore Nifty could not sustain and resultant sharp fall was seen in Mid-Session. 

As  fresh consolidation was seen after sharp fall and after that Down moves were in Bullish Falling Channel which is also a consolidation pattern therefore good intraday consolidation will be understood in last 2 hours hence more upward moves are expected towards last Friday highest 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.

New Waves structure which begun from 15183.40 on 17-06-2022 is now in continuation with its impulsive Wave-5. Impulsive Wave-3 of this Waves structure completed with new life time top formations at 26277.30 on 27-09-2024 and "ABC" correction started from this level which completed at 21743.70 on 07-04-2025 and Impulsive Wave-5 begun from this level which is now in continuation with its recent top formations at 25781.50 on 17-10-2025 and no indication of its completion yet on EOD and intraday charts.

Averages are confirming that now all the Trends are up and Short Term indicator is also showing upward moves continuation possibility as well as last Friday intraday charts patterns are strengthening upward moves expectations in the coming week, As another Short Term indicator   Stochastic is in Over bought zpne therefore Short Term correction beginning possibility can not be ruled out hence remain cautious and watch sustaining beyond following next resistances for next decisive moves beginning confirmations:-  

1- 25749-25781

2- 24773-24850 

3- 24602-24679

Next supports below last Friday closing are as follows which should be watched one by one for next upward moves beginning after any type of Short Term correction completion:-

1- 25629-25694

2- 25563-25612

3- 25416-25466

4- 25193-25315 

As busy therefore unable to post 

today(17-10-2025) Outlook. 

Finally sustaining sustaining beyond 25193-25365 will confirm

 next bigger moves beginning

Nifty-Intra Day Chart Analysis &

Market Outlook(16-10-2025)

Nifty-Intra Day Chart (15-Oct-2025):-

Technical Patterns formation in today intraday charts

1- Upward moves after positive opening

2- Almost 5 hours with Mixed Patterns formation between 25193-25365 

3- Whole day trading between 25160-25365

Conclusions from intra day chart analysis 

Following lines were told at 01:32 AM on 15-10-2025 in "Just watch sustaining beyond today highest after initial upward moves":-

1- firstly upward moves are expected towards today highest(25310)

and

2- until Nifty will not sustain above today highest till then next decisive Upward moves will not be seen

As was told 100% same happened and 

Firstly upward moves were seen and Nifty closed just above 25310 at 25323.55 today.

As lower levels good intraday consolidation patterns formations were seen yesterday therefore firstly upward moves were seen after positive opening today. Nifty traded almost 5 hours with Mixed Patterns formation between 25193-25365 because selling was also seen near about this range in previous sessions and Nity was to prepare for next decisive moves within and near about this range.  

It is clear that one sided intraday patterns were not seen in almost 5 hours trading between 25193-25365 therefore firstly Nifty has to prepare for next bigger moves within and near about this range as well as finally sustaining sustaining beyond this range will confirm next bigger moves beginning which should be firstly watched tomorrow for its confirmations.

Just watch sustaining beyond 

today highest after initial 

upward moves

Nifty-Intra Day Chart Analysis & 

Market Outlook(15-10-2025)

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

Technical Patterns formation in today intraday charts

1- Selling between 25282-25210

2- Downward moves

3- Selling between 25202-25141

4- Downward moves

5- Consolidation between 25061-25137

6- Down moves in Bullish Falling Channel

7- Whole day trading between 25061-25310

Conclusions from intra day chart analysis 

Although firstly upward moves after 50 points positive opening and Nifty traded 83 points up also in first 10 minutes but selling developed at higher levels therefore more than 100 points downward moves were seen in first hour. As follow up selling developed therefore more downward moves were seen in Mid-Session and Nifty traded 165 points negative also after loosing all first hour intraday gains.

As firstly almost 3 hours consolidation at lower levels and after that downward moves were also developed in Bullish Falling Channel therefore lower levels good intraday consolidation patterns formations will be understood hence firstly upward moves are expected towards today highest(25310) and until Nifty will not sustain above today highest till then next decisive Upward moves will not be seen because selling was also seen below it in previous sessions.

Upward moves expectations 

& finally 25278-25330 will 

confirm next intraday decisive

 moves beginning

Nifty-Intra Day Chart Analysis & 

Market Outlook(14-10-2025)

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

Technical Patterns formation in today intraday charts

1- 5 Hours consolidation between 25153-25216

2- Sharp upward moves

3- Whole day trading between 25153-25267

Conclusions from intra day chart analysis 

Although firstly downward moves after 58 points weaker opening and Nifty traded 133 points down as well as closed today 58 points negative also but:-

1- 5 Hours consolidation was seen between 25153-25216 

2- Nifty got supports at 25152.30 which was just above 1st Supports range( 25127-25151) that was posted in previous Outlook on 11-10-2025.

Therefore expected that Upward moves will be seen towards last Friday selling range(25278-25330) and finally sustaining beyond this range will confirm next intraday decisive moves beginning.