Middle-East war final decision & accordingly last 27 sessions trading range valid break out will generate next bigger moves
Technical Analysis,Research & Weekly Outlook(May 25 to May 29,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (22-May-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- Last 9 sessions trading beween 23263-23859 after 18 previous Sessions trading range(23797-24601) broken down on 12-05-2026.
12- Correction continuation with recent bottom formations at 23262.50 on 13-05-2026.
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 continuation and no confirmation of its completion also on EOD charts 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 this level which completed at 24601.70 on 21-04-2026 and correction started from this level which is now in continuation with its recent bottom formations at 23262.50 on 13-05-2026.
As last 9 sessions trading is being seen beween 23263-23859 after 18 previous Sessions trading range(23797-24601) broken down on 12-05-2026 therefore it will be understood that Nifty is trading for the last 27 sessions within 1338 points between 23263-24601 because there is complete confusing situation of Middle East war escalation or De-escalation.
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (22-May-2026):-
Technical Patterns and Formations in EOD charts
1- Stochastic- %K(5) line has intersected %D(3) line upward and its both lines are rising towards Over bought zone.
2- Stochastic:- %K(5)- 67.26 & %D(3)- 65.04.
3- In MACD- MACD line has intersected Average line downward/upward and its both lines are rising/falling in positive/negative zone.
4- MACD(26,12)- -350.51 & EXP(9)- -221.78 & Divergence- -128.73
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 from Over sold zone therefore it will be understood that this indicator is showing indications of more upward moves possibility in the coming week.
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 (22-May-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 23660(Very Short Term Trend decider)
2- 21-Day SMA is today at 23884(Short Term Trend decider)
3- 55-Day SMA is today at 23787(Intermediate Term Trend decider)
4- 100-Day SMA is today at 24637
5- 200-Day SMA is today at 25002(Long Term Trend decider)
Conclusions from EOD chart analysis (Averages)
As Nifty is hovering around Very Short to Intermediate Term Trends deciding 5-Day,21-Day and 55-Day SMAs for the last 25 sessions therefore there 3 Trends are now at Stake. Nifty is continuously closing well below Long Term Trend decider 200-Day SMA for the last more than 2 months therefore Long Term Trend is down.
Nifty-Intra Day Chart Analysis
(22-May-2026)
Nifty-Intra Day Chart (22-May-2026):-
Technical Patterns formation in today intraday charts
1- Upward moves with volatility
2- Downward moves with Upward corrections
3- Whole day trading between 23671-23835
Conclusions from intra day
chart analysis
Although 180 points up in first 4 hours after 16 points positive opening but these upward moves were with volatility and some selling was also seen at higher levels therefore Downward moves developed in last 2 hours. As these last 2 hours Downward moves were with Upward corrections therefore more downward moves are expected in the beginning of coming week.
Conclusions (After putting
all studies together)
1- Very Short Term Trend is at stake.
2- Short Term Trend is at stake.
3- Intermediate Term Trend is at stake.
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 23262.50 on 13-05-2026 and no confirmation of its completion also on EOD and intraday charts.
Long Term Trend is down Very but Short to Intermediate Term Trends are now at Stake because Nifty is not moving one sided and trading for the within 1338 points between 23263-24601. In the same manner Short Term indicators are also not showing one side direction because Stochastic indicator is showing indications of more upward moves possibility while another indicator MACD is showing more downward moves possibility also. In fact Indian markets are waiting for final decision of Middle-East war situation and then according to its final decision next one sided bigger moves will be seen beyond last 27 sessions trading range(23263-24601) after that side next Trend formations.
As finally valid break out of last 27 sessions trading range(23263-24601) will confirm next bigger moves beginning according to that side next Trend formations therefore should be watched in the coming week/weeks/months because that will be according to Middle-East war final decision.