New Waves structre beginning for fresh rally above life time top which is at 26373.20
Technical Analysis, Research &
Weekly Outlook(Nov 16 to Nov 20,2026)
Nifty-EOD Chart Analysis
(Waves structure)
Nifty-EOD Chart (13-Nov-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-5 completion with new life time top formations at 26373.20 on 05-01-2026 and Corrective Wave-A of "ABC" correction beginnin.
9- Wave-A completion at 22182.55 on 02-04-2026.
10- Wave-B completion at 24774.30 on 03-08-2026.
11- Corrective Wave-C of "ABC correction" of this Waves structure completion at 15183.40 on 17-06-2022 and Impulsive Wave-1 of new Waves structure beginning.
12- Impulsive Wave-1 continuation with recent top formations at 25424.35 on 11-11-2026.
13- Short Term Correction continuation with recent bottom formations at 25424.35 on 11-11-2026.
Conclusions from EOD chart
analysis(Waves structure)
Impulsive Wave-1 of that Waves structure completed at 18887.60 on 01-12-2022 which started from 15183.40 on 17-06-2022 after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Corrective Wave-2 begun from 18887.60 which completed at 16828.30 on 20-03-2023 and impulsive Wave-3 started from this level which completed after new life time top formations at 26277.30 on 27-09-2024.
Corrective Wave-A of Wave-4 of "ABC correction" begun from this level which completed at 23263.20 on 21-11-2024 and Wave-B started from this level which completed at 24857.80 on 05-12-2024. Wave-C of Wave-4 begun from this level which completed at 21743.70 on 07-04-2025 and impulsive Wave-5 started from this level.
Impulsive Wave-5 completed after its new life time top formations at 26373.20 on 05-01-2026 and from this levels corrective Wave-A of "ABC correction" begun which completed at 22182.55 on 02-04-2026 and Wave-B started which completed at 24774.30 on 03-08-2026. Corrective Wave-C begun from this level completed at 22179.90 on 08-10-2026 and after its completion "ABC" correction of that whole Waves structure completed also which started from 15183.40 on 17-06-2022 and its Impulsive Wave-5 was completed with new life time top formations at 26373.20 on 05-01-2026.
Impulsive Wave-1 of new Waves structure begun from 22179.90 on 08-10-2026 after corrective Wave-C of "ABC correction" of previous waves structure completion at this level. Now its Impulsive Wave-1 continuation with recent top formations at 25424.35 on 11-11-2026 and No indication of its completion yet on EOD charts. Short Term Correction begun from this level which is now in continuation with recent its bottom formations at 25424.35 on 11-11-2026 and no confirmation of its completion also..
Nifty-EOD Chart Analysis
(Stochastic & MACD)
Nifty-EOD Chart (13-Nov-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 from Over Over bought zone.
2- Stochastic:- %K(5)- 76.04 & %D(3)- 84.67.
3- In MACD- MACD line has intersected Average line upward and its both lines are rising in positive zone.
4- MACD(26,12)- 1221.18 & EXP(9)- 711.48 & Divergence- 509.70
Conclusions from EOD chart
analysis (Stochastic & MACD)
Technical positions of Short Term indicators are as follows:-
1- As in Stochastic indicator %K(5) line has intersected %D(3) line downward and its both lines are falling from Over Over bought zone therefore it will be understood that this indicator has generated first signal of Short Term Downward moves beginning which may be seen in the coming week.
2- As in MACD indicator its MACD line has intersected Average line upward and its both lines are rising in positive zone therefore it will be understood that this indicator has confirmed Short Term upward Trend formations and more upward moves possibility also.
Nifty-EOD Chart Analysis
(Averages)
Nifty-EOD Chart (13-Nov-2026):-
Technical Patterns and Formations in EOD charts
Averages:-
1- 5-Day SMA is today at 25152(Very Short Term Trend decider)
2- 21-Day SMA is today at 23706(Short Term Trend decider)
3- 55-Day SMA is today at 23424(Intermediate Term Trend decider)
4- 100-Day SMA is today at 23780
5- 200-Day SMA is today at 23988(Long Term Trend decider)
Conclusions from EOD chart
analysis (Averages)
As Nifty has sustained above Short Term,Intermediate Term and Long Term Trends deciding 21-Day,55-Day and 200-Day SMAs after last 3 weeks strong rally therefore these Trends are now up but at this moment Nifty is hovering around Very Short Term Trend deciding 5-Day SMA for the last 2 sessions therefore Very Short Term Trend is now at stake.
Nifty-Intra Day Chart Analysis
(13-Nov-2026)
Nifty-Intra Day Chart (13-Nov-2026):-
Technical Patterns formation in today intraday charts
1- High volatility in first half hour
2- Selling between 25186-25246
3- Downward moves
4- More than 3 hours consolidation between 25055-25135
5- Whole day actual trading between 25055-25246
Conclusions from intra day
chart analysis
Although firstly Nifty traded 121 points down after 199 points weaker opening but Nifty recovered also 115 points also from lower levels within 30 minutes after opening and in this manner high volatility was seen in first half hour last Friday.
As higher levels selling developed therefore downward moves were seen in Mid-Session but lower levells more than 3 hours consolidation was also developed therefore firstly upward moves are expected towards last Friday highet in the beginning of coming week and finally sustaining beyond last Friday highest will confirm next decisive moves beginning.
Conclusions (After putting
all studies together)
1- Very Short Term Trend at stake.
2- Short Term Trend is up.
3- Intermediate Term Trend is up.
4- Long Term Trend is up.
That whole waves structure which started more than 4 years before through its impulsive Wave-1 from 15183.40 on 17-06-2022 has been completed after its impulsive Wave-5 completion with new life time top formations at 26373.20 on 05-01-2026. "ABC correction" begun from life time top of which Wave-C completed at 22179.90 on 08-10-2026 and impulsive Wave-1 started from this level which is now in continuation with its recent high formations at 25424.35 on 11-11-2026 and No indication of its completion yet on EOD charts.
Impulsive Wave-1 of new Waves structre started for fresh rally above life time top(26373.20) and it will take its own time as well as all types of corrections will also be seen during these moves. As firstly upward moves are expected in the coming week therefore firstly next resistances should be watched. Last 3 sessions trading was between 25055-25424 with both supports and resistances within this range therefore firstly Nifty will trade and prepare for next decisive moves within this range in the coming week and finally sustaining beyond this range will generate next one sided decisive moves.
Although first 14 sessions of on going impulsive Wave-1 was sideways between 22180-23175 but forceful most strong rally begun from 22497.70 on 26-10-2026 which gained 2926.65 points within only 10 sessions after its recent high formations at 25424.35 on 11-11-2026 and impulsive Wave-1 rallied 3244 points within 24 sessions.
As extremely strong rally in the last 10 sessions therefore now Short Term, Intermediate Term and Long Term Trends are turned up. Short Term indicator Stochastic is moving within Over bought zone and both lines of another Short Term indicator MACD are also moving up in Positive Zone. Although such Bullish moves but Short Term correction was also seen in the last 2 sessions. As lower levels good intraday consolidation was seen last Friday therefore firstly upward moves are expected in the beginning of coming week and next resistances above last Friday closing should be watched one by one in the coming week for next decisive moves beginning confirmations.
All the next resistances above last Friday closing(25144.30) are as follows:-
1- 25186-25246
2- 25326-25424
3- 25493-25572
4- 25588-25652
5- 25718-25754
6- 25775-25820
7- 25842-25881
8- 25947-25984
9- 26069-26108
10-26149-26181
11-26216-26260
12-26329-26373
Next supports below last Friday closing(25144.30) are as follows:-
1- 25055-25135
2- 24839-25033
3- 24554-24694
4- 24348-24439
5- 23961-24296(Gap Supports)
6- 23730-23846
7- 23623-23698
8- 23441-23482(Gap Supports)
9- 23208-23349
10-23119-23207(Gap Supports)