Market Overview: Nifty 50 Futures Nifty 50 doji bar on monthly chart. After three consecutive bear bars, the market created a doji bar this month. The monthly chart is in a bull trend, the market may be trading in a bull channel. The price action over the past 20 bars on the monthly chart shows […]
Nifty 50 Big Round Number
Market Overview: Nifty 50 Futures Nifty 50 big round number acting like a support for the price. Nifty 50 on the weekly is still inside the bear channel and present bear leg is the 3rd bear leg in this bear channel. In this week’s trading, the market formed a tiny bear bar with tails above and […]
Nifty 50 Wedge
Market Overview: Nifty 50 Futures Nifty 50 wedge on the weekly chart, due to the long wick at the bottom of the candle, bears may not be interested to sell next week. The daily chart of the Nifty 50 showed a bear breakout of the wedge, but it appears that few bears anticipated the move, which […]
Nifty 50 Cup & Handle
Market Overview: Nifty 50 Futures Nifty 50 cup & handle on the weekly chart, bulls failed to follow through after attempting a double bottom. Now that bears have closed a strong bear bar, some bears may decide to short the cup & handle pattern on the weekly chart. On the daily chart, price action is […]
Nifty 50 Inside Bar on Monthly Chart
Market Overview: Nifty 50 Futures Nifty 50 inside bar on monthly chart. The market on the monthly chart created a small bull bar that closed near its high; since the low and high of this bar are both within the range of the previous bar, it is an inside bar. As the bull leg that ended on […]
Nifty 50 Bear Channel
Market Overview: Nifty 50 Futures Nifty 50 bear channel on the weekly chart and Nifty 50 is also forming a micro double top pattern. This week’s market showed an impressive bear bar that closed close to the low, possibly attracting some bears to sell and anticipate a micro double top and measured move down. On […]
Nifty 50 Micro Double Top
Market Overview: Nifty 50 Futures Nifty 50 micro double top on the weekly chart, but since the market formed a bull bar this week, few bears would be shorting below the bar 1 (shown on the weekly chart below). However, given that the market is still moving inside of a bear channel, some bears might […]
Nifty 50 Bull Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 bull inside bar on the weekly chart, with market forming a small bull bar this week indicating that there would be a trading range in the shorter time frame. The market is currently trading close to the big round number 18000 from the previous few weeks. On the […]
Nifty 50 Potential Trading Range
Market Overview: Nifty 50 Futures Nifty 50 potential trading range on the monthly chart, the market formed a small bull bar after two consecutive bear bars. Here, bulls would be trying to breach the all-time high and bears would be willing to sell for Low 2 after the fake bull breakout. On the weekly chart, […]
Nifty 50 Leg 1 = Leg 2
Market Overview: Nifty 50 Futures Nifty 50 leg 1 = leg 2 measured move on the weekly chart after giving a bear breakout of the smaller triangle. The market also broke below the strong bull channel, and now bears need a follow-through bar for a successful bear breakout of the bull channel. Nifty 50 on […]
