Nifty 50 futures<\/h2>\n\n\n\nThe Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Nifty-50-Trading-Range-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n\n- General Discussion<\/strong>
- Both bulls and bears will have trouble structuring a profitable trade because the market is moving within a small trading range.<\/li><\/ul>\n
\n- Because the trading range is short in height, limit orders\u2014that is, placing a buy limit order at a bar’s low near the bottom of the trading range and a sell limit order at a bar’s high near the top should be preferred by both bulls and bears when entering positions rather than stop orders.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
\n- Although the market produced a bear breakout of the wedge top, the bears were unable to produce a second leg down. The likelihood that the market would have reached the bottom of the wedge would have been high if the bears had been able to get a follow-through down.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- Because the market is moving within a trading range, traders should expect a measured move from the breakout if bulls are able to get a bull breakout of the range.<\/li><\/ul>\n
\n- Since there is a 50\/50 chance of a successful breakout on either side of a trading range, traders should aim for a risk to reward ratio of at least 1:2 in order to achieve a positive traders equation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2023\/11\/Nifty-50-Bull-Breakout-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- General Discussion<\/strong>
- A buy position can be taken on a high-1 or high-2 bar in anticipation of the market’s successful bull breakout of the bear channel.<\/li><\/ul>
- Since the market is currently in a strong bear leg, bears should hold off on taking short positions.<\/li><\/ul>\n
\n- Bulls buying on a high-1 or high-2 should be exiting their trade around the @20100 level.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>
- Notice that the market has formed big moves up and big moves down on the left, so chances are high that the market would soon convert into a trading range.<\/li><\/ul>\n
\n- For this reason, bulls who are purchasing at current levels need to sell their positions close to the @20100 level.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- The market is trading inside an expanding triangle pattern.<\/li><\/ul>\n
<\/a><\/figure>\n\n\n\n\n
- \n
- General Discussion<\/strong>
- Both bulls and bears will have trouble structuring a profitable trade because the market is moving within a small trading range.<\/li><\/ul>\n
- \n
- Because the trading range is short in height, limit orders\u2014that is, placing a buy limit order at a bar’s low near the bottom of the trading range and a sell limit order at a bar’s high near the top should be preferred by both bulls and bears when entering positions rather than stop orders.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
- \n
- Although the market produced a bear breakout of the wedge top, the bears were unable to produce a second leg down. The likelihood that the market would have reached the bottom of the wedge would have been high if the bears had been able to get a follow-through down.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- Because the market is moving within a trading range, traders should expect a measured move from the breakout if bulls are able to get a bull breakout of the range.<\/li><\/ul>\n
- \n
- Since there is a 50\/50 chance of a successful breakout on either side of a trading range, traders should aim for a risk to reward ratio of at least 1:2 in order to achieve a positive traders equation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- General Discussion<\/strong>
- A buy position can be taken on a high-1 or high-2 bar in anticipation of the market’s successful bull breakout of the bear channel.<\/li><\/ul>
- Since the market is currently in a strong bear leg, bears should hold off on taking short positions.<\/li><\/ul>\n
- \n
- Bulls buying on a high-1 or high-2 should be exiting their trade around the @20100 level.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>
- Notice that the market has formed big moves up and big moves down on the left, so chances are high that the market would soon convert into a trading range.<\/li><\/ul>\n
- \n
- For this reason, bulls who are purchasing at current levels need to sell their positions close to the @20100 level.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>
- The market is trading inside an expanding triangle pattern.<\/li><\/ul>\n
- Notice that the market has formed big moves up and big moves down on the left, so chances are high that the market would soon convert into a trading range.<\/li><\/ul>\n
- Since the market is currently in a strong bear leg, bears should hold off on taking short positions.<\/li><\/ul>\n
- A buy position can be taken on a high-1 or high-2 bar in anticipation of the market’s successful bull breakout of the bear channel.<\/li><\/ul>
- General Discussion<\/strong>
- Since there is a 50\/50 chance of a successful breakout on either side of a trading range, traders should aim for a risk to reward ratio of at least 1:2 in order to achieve a positive traders equation.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
- Because the market is moving within a trading range, traders should expect a measured move from the breakout if bulls are able to get a bull breakout of the range.<\/li><\/ul>\n
- Both bulls and bears will have trouble structuring a profitable trade because the market is moving within a small trading range.<\/li><\/ul>\n