Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. By forming a small bear bar with short tails on either side, the market gave a weak bear close this week. Overall, a second leg up is more likely given that the weekly chart is trading inside of a wide bull channel […]
Nifty 50 Big Round Number on Weekly Chart
Market Overview: Nifty 50 Futures Nifty 50 Big Round Number on weekly chart. This week, the market had come close to the @20000 level but ran into strong resistance, creating a long tail at the top of this week’s bull bar. The market is trading inside of a tight bull channel on the weekly chart, […]
Nifty 50 Bull Follow-Through Bar
Market Overview: Nifty 50 Futures Nifty 50 Bull Follow-Through Bar on the weekly chart. After the formation of the strong outside bar, the market gave a reasonably strong close this week to carry on the upward trend. On the weekly chart, the Nifty 50 is trading inside a big bull channel. On the daily chart, […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. Following the large outside bar, the market this week produced a weak bull close with a long tail on the top. A few bears may sell because the market is trading near the top of a potential wedge top. On the daily […]
Nifty 50 Wedge Top Breakout
Market Overview: Nifty 50 Futures Nifty 50 Wedge Top Breakout on the monthly chart. On the monthly chart, the market formed its third consecutive bull bar as it closed close to its high. This month, the market also provided a strong close above the wedge top (breakout). In general, there is a 25% chance of […]
Nifty 50 Broad Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. This week, the market gave a strong bearish close and is currently trading inside a strong, tight bull channel. The bulls tried to break above the all-time high and give a strong close this week, but they were unsuccessful. The bears are […]
Nifty 50 Near All-Time High
Market Overview: Nifty 50 Futures Nifty 50 Near All-Time High. On the weekly chart, Nifty 50 produced an impressive bull close this week. The market is currently trading close to its all-time high, which may serve as a strong price resistance. The market is still moving inside the narrow bull channel, according to the weekly […]
Nifty 50 Potential Trading Range
Market Overview: Nifty 50 Futures Nifty 50 Potential Trading Range on the weekly chart. This week, the market established a small bear bar. Since the bar is closing near to its low and has a long tail above it, some bears will look to sell at the low of the bar in anticipation of a probable […]
Nifty 50 Wedge Top on Monthly
Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart where Nifty 50 produced a series of bull closes, but the bull bar has a small body. Market is getting close to the big round number and the all-time high level, which will act as powerful price resistance. The market is trading inside a tight […]
Nifty 50 Outside Bar on Weekly
Market Overview: Nifty 50 Futures Nifty 50 outside bar on weekly chart where the market created a bear doji bear this past week. It is currently trading inside a tight bull channel. Measured move of the head and shoulder bottom and the all-time high could be acting like a magnet for the price. The daily […]
