All the Trends have turned
down & Watch levels during on
going West Asia escalating war
Technical Analysis,Research & Weekly Outlook(Mar 16 to Mar 20,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (13-Mar-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 at 26373.20 on 05-01-2026.
9- Corrective Wave-ii of Wave-5 continuation with recent bottom formations at 23112.00 on 13-03-2026.
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 begun from 15183.40 on 17-06-2022. Corrective Wave-A of Wave-4 of "ABC correction" started from life time top 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" 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 forcefully continuation due to Middle-East escalation war and no indication of its completion also on EOD charts after its recent lowest formations at 23112.00 on 13-03-2026.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (13-Mar-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 sold zone.
2- Stochastic:- %K(5)- 08.38 & %D(3)- 20.52.
3- In MACD- MACD line has intersected Average line downward and its both lines are falling in negative zone.
4- MACD(26,12)- -919.48 & EXP(9)- -489.39 & Divergence- -430.09
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 sold zone therefore it will be understood that this indicator is still suggesting more downward moves possibility in the coming week/weeks. Let its both lines to start upward moves above Over sold zone after %K(5) line upward intersection of %D(3) line then decisive upward moves will be seen.
2- As in MACD indicator its MACD line has intersected Average line downward and its both lines are falling in negative zone therefore it will be understood that MACD indicator has confirmed Short Term downward trend formations and more downward moves possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (13-Mar-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 23789(Very Short Term Trend decider)
2- 21-Day SMA is today at 24968(Short Term Trend decider)
3- 55-Day SMA is today at 25420(Intermediate Term Trend decider)
4- 100-Day SMA is today at 25648
5- 200-Day SMA is today at 25317(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty is continuously closing well below all the Short Term to Long Term deciding all the 5-Day to 200-Day 4 SMAs for the last 10 sessions therefore all the Trends have turned down now.
Nifty-Intra Day Chart Analysis
(13-Mar-2026)
Nifty-Intra Day Chart (13-Mar-2026):-
Technical Patterns formation in today intraday charts
1- 93 Points gap down opening
2- Whole day Downward moves with upward corrections
3- Down moves in Bullish Falling Channel in last half hour
4- Whole day trading between 23112-23492
Conclusions from intra day
chart analysis
Although firstly some upward moves after 93 points gap down opening but selling developed which remained continued through whole day Downward moves with upward corrections. As lower levels downward moves were also seen in Bullish Falling Channel in last half hour therefore lower levels some supports also will be understood in last hour hence firstly sustaining beyond today lowest should be watched in the beginning of coming week for next Short Term moves beginning confirmations.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is down.
2- Short Term Trend is is down.
3- Intermediate Term Trend is down.
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 on going Waves structure was started more than 3 years before through its Wave-1 from 15183.40 on 17-06-2022. Now corrective Wave-ii of Wave-5 continuation with its recent bottom formations at 23112.00 on 13-03-2026 and no indication of its completion also on EOD charts. As Middle-East war has been escalated therefore on going corrective Wave-ii of Wave-5 is moving down forcefully hence investors and traders should always remain completely cautious also.
All the Trends have turned down during on going more than 3200 points that correction which started after new life time formations on 05-01-2026. As Short term indicators are also signalling on going correction continuation possibility and at present no indication of on going correction completion therefore more downward moves may also be seen in the coming week/weeks.
Although Nifty closed 2.06% down last Friday after higher levels selling but lower levels some supports were also seen that day therefore if Nifty succeed to sustain above last Friday lowest then upward moves will be seen towards following resistances hence in that situation sustaining them beyond should be watched one by one for next decisive moves beginning confirmations:-
1- 23348-23409
2- 23493-23556(Gap resistance)
3- 23707-23833
4- 23923-24024
5- 24198-25302
6- 24304-24415(Gap resistance)
7- 24545-24700
Next supports below last Friday lowest are as follows which should be watched one by one for next decisive moves beginning during on going West Asia escalating war:-
1- 22860-22923
2- 22770-22795
3- 22271-22424
4- 21825-22021