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\/2025\/02\/Nifty-50-Micro-Double-Bottom-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- The market is currently in breakout mode. Both bears and bulls attempted to break out of the wedge but failed to get a follow-through bar.<\/li>\n\n\n\n
- Traders holding long or short positions should continue holding until the market breaks out in either direction.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- Both bears and bulls experienced weak follow-through bars after attempting a breakout from the wedge.<\/li>\n\n\n\n
- Over the past 20 bars, the market has been trading within a deep pullback, increasing the likelihood of either a trading range or a bear trend rather than a continuation of the bull trend.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- If the market gives a bearish breakout with a follow-through bar, traders can expect it to reach the measured move down, calculated based on the height of the wedge.<\/li>\n\n\n\n
- If the market gives a bullish breakout with a follow-through bar, at the very least, it is expected to transition into a trading range, where the high of the wedge bottom will become the high of the range.<\/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\/2025\/02\/Nifty-50-Bear-Channel-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders holding short positions should exit if the market gives a strong bullish close, as the bears have failed to achieve a successful bear breakout of the double bottom.<\/li>\n\n\n\n
- Traders looking to enter a position can go long on a strong bullish close, targeting the high of the bear channel.<\/li>\n\n\n\n
- Traders already in a long position can continue holding but should exit if the market gives a strong bearish close.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- The market is trading within a broad bear channel, meaning both bulls and bears can profit by selling near the high and buying near the low of the channel.<\/li>\n\n\n\n
- Over the past 20\u201325 days, the market has shown strong consecutive bullish and bearish bars, increasing the probability of a trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- If the bears manage to achieve a strong bear breakout of the double bottom with good follow-through, traders can expect the market to move lower, reaching the measured move down based on the height of the double bottom.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
\n
- \n
- General Discussion<\/strong>\n
- \n
- The market is currently in breakout mode. Both bears and bulls attempted to break out of the wedge but failed to get a follow-through bar.<\/li>\n\n\n\n
- Traders holding long or short positions should continue holding until the market breaks out in either direction.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- Both bears and bulls experienced weak follow-through bars after attempting a breakout from the wedge.<\/li>\n\n\n\n
- Over the past 20 bars, the market has been trading within a deep pullback, increasing the likelihood of either a trading range or a bear trend rather than a continuation of the bull trend.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- If the market gives a bearish breakout with a follow-through bar, traders can expect it to reach the measured move down, calculated based on the height of the wedge.<\/li>\n\n\n\n
- If the market gives a bullish breakout with a follow-through bar, at the very least, it is expected to transition into a trading range, where the high of the wedge bottom will become the high of the range.<\/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<\/div>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- Traders holding short positions should exit if the market gives a strong bullish close, as the bears have failed to achieve a successful bear breakout of the double bottom.<\/li>\n\n\n\n
- Traders looking to enter a position can go long on a strong bullish close, targeting the high of the bear channel.<\/li>\n\n\n\n
- Traders already in a long position can continue holding but should exit if the market gives a strong bearish close.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- The market is trading within a broad bear channel, meaning both bulls and bears can profit by selling near the high and buying near the low of the channel.<\/li>\n\n\n\n
- Over the past 20\u201325 days, the market has shown strong consecutive bullish and bearish bars, increasing the probability of a trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- If the bears manage to achieve a strong bear breakout of the double bottom with good follow-through, traders can expect the market to move lower, reaching the measured move down based on the height of the double bottom.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- If the bears manage to achieve a strong bear breakout of the double bottom with good follow-through, traders can expect the market to move lower, reaching the measured move down based on the height of the double bottom.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- General Discussion<\/strong>\n