Market Overview: Nifty 50 Futures Nifty 50 Outside Bar on the monthly chart. This month, the market presented a strong bull bar closing near its high, increasing the strength of the existing bull trend. The probability of reaching the measured move of the wedge top has also increased. The Nifty 50, on the daily chart, […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the weekly chart. The market on the weekly chart closed with a bearish candlestick. The bear bar has a small body with small tails on either side. The market is trading near the top of the bull channel, and this week it nearly reached the […]

Market Overview: Nifty 50 Futures Nifty 50 Trading Range Breakout on the weekly chart. This week, the market closed with a small bullish body, indicating a trading range price action on the lower time frame after the high volatility caused by the election results. The market also broke out of the trading range, suggesting a […]

Market Overview: Nifty 50 Futures Nifty 50 Wedge Overshoot on the monthly chart. The market on the monthly chart (May month bar) gave a doji close. Bulls were able to follow through well after the wedge overshoot and are still continuing that bull leg. The weekly chart shows a very big outside bar that covered […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Breakout on the weekly chart. The market on the weekly chart formed a strong consecutive bull bar this week, resulting in a robust bull breakout of the trading range. This indicates a measured move up based on the height of the trading range. Bears need at least […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the weekly chart. This week, the market formed a strong bull bar that closed near its high, following a strong bear bar. This indicates an increasing trading range price action. On the weekly chart, the market is trading inside a weak bull channel, characterized by […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Micro Channel on the monthly chart. This month, the market closed with a weak bullish pattern, showing a small body and a tail at the bottom. Currently, on the monthly chart, the market is experiencing a breakout phase because of the bullish breakout of the wedge top. […]

Market Overview: Nifty 50 Futures Nifty 50 Trading Range Price Action on weekly chart. On the weekly chart, the market has shown a small, weak bull bar with a long tail at the top, indicating it remains in a phase of trading range rather than trending. Last week’s micro double bottom formation remains intact, potentially […]

Market Overview: Nifty 50 Futures Nifty 50 Micro Double Bottom on the weekly chart. This week, the market closed with a weak bearish tone. The candle shows a small bearish body with a long tail at the bottom. This weak close reduces the likelihood of a significant trend reversal. Instead, the bears might see a […]

Market Overview: Nifty 50 Futures Nifty 50 Breakout Failed on the weekly chart. This week, the market showed a small bear doji bar with a short tail at the top, still trading within the bull channel. Last week, there was a micro double top formation in the market. Although the bulls managed to break above […]