Market Overview: Nifty 50 Futures Nifty 50 Bull Channel and Wedge on the weekly chart. The market closed this week with a weak bullish candle and a small body. It is still trading inside the bull channel and is now near the lower trend line of the channel. Bulls have not shown strong follow-through after […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the weekly chart. This week, the market closed weakly bearish with a long lower tail. It is currently trading near the bottom trend line of the bull channel. On the daily chart, Nifty 50 is showing trading-range price action after breaking out above its all-time […]

Market Overview: Nifty 50 Futures Nifty 50 Increasing Trading Range Price Action on the weekly chart. This week, the market closed weakly on the bearish side and continues to trade within the bull channel. Bulls were unable to provide strong follow-through after the breakout above the all-time high. On the daily chart, the Nifty 50 […]

Market Overview: Nifty 50 Futures Nifty 50 All-Time High Breached. The market delivered a strong bullish close this month and is now trading near the top of a wedge. For a confirmed breakout above the all-time high and the wedge, bulls need a strong breakout bar followed by a follow-through bar. On the weekly chart, […]

Market Overview: Nifty 50 Futures Nifty 50 Near All-Time High. The market this week closed with a weak bull candle featuring a top tail, but it is still trading inside the bull channel. If traders manage to get a strong bull breakout with solid follow-through, a measured move up can be expected. On the daily […]

Market Overview: Nifty 50 Futures Nifty 50 Trend Resumption Attempt on the weekly chart. This week, the market closed with a strong bull bar after last week’s weak bear close. This bull bar has broken the previous bar’s high, forming a high-1 breakout. However, traders should keep in mind that the all-time high is just […]

Market Overview: Nifty 50 Futures Nifty 50 Weak Bear Close on the weekly chart. The market is currently trading near the bottom trend line, giving traders a possible opportunity to enter long positions. Bulls attempted to break above the channel but failed to sustain the move. On the daily chart, Nifty 50 is trading within […]

Market Overview: Nifty 50 Futures Nifty 50 Triangle and Cup & Handle on the monthly chart. The market has closed bullish this month and is now approaching the neckline of the cup and handle pattern. The overall trend on the monthly chart remains bullish, although the V-shaped moves could increase the likelihood of continued range-bound […]

Market Overview: Nifty 50 Futures Nifty 50 Breakout Fail on the weekly chart. The market closed weakly this week, forming a candlestick with a long upper tail and a small body. During the week, the bulls attempted to reach the all-time high by breaking above the previous swing high and the bull channel. On the […]

Market Overview: Nifty 50 Futures Nifty 50 Approaching All-Time High. This week, the market closed strongly in the bullish direction, near the top of the bull channel. Since the channel is not very wide, traders may need to take aggressive entries when considering short positions, such as using limit orders. On the daily chart, the […]