Market Overview: Nifty 50 Futures Nifty 50 Double Bottom on the weekly chart. This week witnessed intriguing developments in the market. A bull bar with a small body and a bottom tail formed, signaling a weak follow-through attempt by the bears aiming for a reversal. Additionally, a double bottom pattern emerged, indicative of potential bullish […]
Nifty 50 Tight Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 Tight Bull Channel on the weekly chart. This week, the market closed with a bullish tone, although the body of the candle was small. However, there’s a noticeable decline in upward momentum on the weekly chart, reflected in the diminishing size of bullish bodies in recent weeks. Despite […]
Nifty 50 Wedge Overshoot
Market Overview: Nifty 50 Futures Nifty 50 Wedge Overshoot on the monthly chart. The market on the monthly chart showed a very small bull close in February. Following the wedge overshoot, bulls managed to generate strong and consecutive bull bars, increasing the likelihood of a measured move up based on the bull breakout of the […]
Nifty 50 Reversal Attempt Failed
Market Overview: Nifty 50 Futures Nifty 50 Reversal Attempt Failed on the weekly chart. In this week’s market analysis, we observe a small bullish bar formation with a tail at the bottom. Despite attempts by bears to initiate a strong reversal, the bullish trend remains robust, resulting in a failed reversal. Notably, the Nifty 50 […]
Nifty 50 Micro Double Top Failure
Market Overview: Nifty 50 Futures Nifty 50 Double Top Failure on the weekly chart. This week, the market concluded with a robust bull close, characterized by a bull bar closing near its high with a tail at the bottom. Despite attempts by bears to trigger a reversal with the formation of a micro double top […]
Nifty 50 Bull Flag
Market Overview: Nifty 50 Futures Nifty 50 Bull Flag on the weekly chart. On the weekly chart, Nifty 50 closed weakly bearish this week, with a small-bodied bear bar and tails on both sides. Currently, the market is ensconced within a triangle, which, given its formation within a bull trend, can also be termed a […]
Nifty 50 Inside Bar
Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the monthly chart. On the monthly chart, Nifty 50 closed weakly bullish with a very small body. Despite this, the market remains in the breakout phase since the bull breakout of the wedge top pattern. However, due to the lack of strong follow-through, there’s a […]
Nifty 50 Weak Pullback
Market Overview: Nifty 50 Futures Nifty 50 Weak Pullback on the weekly chart. This week, the market once again formed a weak bear bar with a tail at the bottom. However, these bear bars lack the strength to reverse the robust bull trend. Notably, this marks the first pullback on the weekly chart following the […]
Nifty 50 at Big Round Number
Market Overview: Nifty 50 Futures Nifty 50 Big Round Number on the weekly chart. On the weekly chart, a notable event unfolded as the market formed another outside bar pattern, hinting at a potential increase in trading range price action. Despite a weak bear close this week, it is insufficient to reverse the prevailing strong […]
Nifty 50 Outside Bar
Market Overview: Nifty 50 Futures Nifty 50 Outside Bar on the weekly chart. The weekly chart indicates a strong bull close following the indecisive doji bar of the previous week. Nifty 50 maintains its position within a robust tight bull channel and is approaching the formidable big round number 22000, a significant resistance level. On […]