Market Overview: Nifty 50 Futures Nifty 50 Tight Bear Channel on the weekly chart. The market this week closed strongly bearish and is currently trading within a tight bear channel, showing a bear overshoot. This marks the deepest pullback since the start of the bull trend, and its strength and depth indicate the potential for […]
Nifty 50 2nd Leg Down
Market Overview: Nifty 50 Futures Nifty 50 2nd Leg Down on the weekly chart. This week, the market closed weakly with long tails on both ends, and it’s currently trading in a narrow bear channel near a swing low that is acting as support. The market has now started a second leg down after a […]
Nifty 50 Tight Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Tight Bull Channel on the monthly chart. Nifty 50 is currently in a tight bull channel on the monthly chart. This month, the market showed a strong bearish close for the first time in a year. Despite the prevailing strong bull trend, bears will need consistent follow-through bars […]
Nifty 50 Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the weekly chart. This week, the weekly chart shows a strong bearish close, marking the fourth consecutive bearish bar. The market has now reached the lower boundary of the bull channel in which it has been trading. Additionally, a bearish breakout from the micro double […]
Nifty 50 Bull Channel Breakout
Market Overview: Nifty 50 Futures Nifty 50 Bull Channel Breakout on the weekly chart. Market gave a weak bear close this week on the weekly chart. After a strong bear breakout, the bears have struggled to get a solid follow-through, though they managed to secure two consecutive bear closes post-breakout. The market is not yet […]
Nifty 50 Micro Double Bottom
Market Overview: Nifty 50 Futures Nifty 50 Micro Double Bottom on the weekly chart. The market on the weekly chart closed with a weak bearish candle, showing a tail at the bottom. This week’s candle is forming a micro double bottom pattern with the previous swing low. Overall, the market remains in a strong bullish […]
Nifty 50 Measured Move Target
Market Overview: Nifty 50 Futures Nifty 50 Measured Move Target of the Wedge Overshoot. The market had a small bullish close with tails on both ends in September. It continues to trade in a strong bull trend with no significant signs of reversal so far, meaning traders should avoid shorting the market or exiting their […]
Nifty 50 Bull Micro Channel
Market Overview: Nifty 50 Futures Nifty 50 Bull Micro Channel on the weekly chart. The market has formed a third consecutive bull bar, continuing the bull micro channel. This week, it also reached the measured move target following the outside bar bull breakout. The market successfully closed above 26,000. On the daily chart, the Nifty […]
Nifty 50 Outside Bar Breakout
Market Overview: Nifty 50 Futures Nifty 50 Outside Bar Breakout on the weekly chart. Nifty 50 had a strong bullish close this week, continuing the breakout above the 25,000 level. The market also saw a bullish breakout of the outside bar, resulting in a measured upward move based on the height of the bullish bar. […]
Nifty 50 Outside Bar Fail
Market Overview: Nifty 50 Futures Nifty 50 Outside Bar Fail on the weekly chart. Overview The market closed strongly bullish on the weekly chart this week. This marks the second consecutive outside bar (first a bearish outside bar, followed by a bullish one), increasing the likelihood of trading range price action for the upcoming week. […]
