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\/03\/Nifty-50-Bear-Channel-2-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who bought near the low of the bear channel can exit on the next open. If the next bar gives a strong breakout of the bear channel, they can re-enter a long position.<\/li>\n\n\n\n
- Traders holding short positions should continue holding, as the market is still within the bear channel and bulls have not yet achieved any follow-through.<\/li>\n\n\n\n
- Traders looking to enter a new position should wait for the next close. If the market gives a bearish close, shorting may be a good option, as the probability of a small trading range or continuation of the bear channel is high.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- This week’s close is the strongest bullish close since the start of the bear channel. A weak follow-through could result in the continuation of the bear channel, while a strong follow-through may signal the resumption of the bull trend or the formation of a large trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market is trading within a bear channel. The probability of a successful bullish breakout from a bear channel is approximately 75%, whereas the probability of a successful bearish breakout is only around 25%.<\/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\/03\/Nifty-50-Cup-Handle-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who bought the bullish breakout of the cup and handle pattern can exit their trades, as the market has reached the measured move target.<\/li>\n\n\n\n
- Traders who are not currently in any position can enter a short position on a strong bearish close and exit near the bottom trendline of the bull channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- The market is currently forming a bull micro channel, increasing the chances of a second leg up. Traders can take advantage of this by entering a long position on a High-1 setup.<\/li>\n\n\n\n
- A breakout gap is forming near the breakout of the cup and handle pattern, which could result in a measuring gap and a measured move.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n
\n
- \n
- General Discussion<\/strong>\n
- \n
- Traders who bought near the low of the bear channel can exit on the next open. If the next bar gives a strong breakout of the bear channel, they can re-enter a long position.<\/li>\n\n\n\n
- Traders holding short positions should continue holding, as the market is still within the bear channel and bulls have not yet achieved any follow-through.<\/li>\n\n\n\n
- Traders looking to enter a new position should wait for the next close. If the market gives a bearish close, shorting may be a good option, as the probability of a small trading range or continuation of the bear channel is high.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- This week’s close is the strongest bullish close since the start of the bear channel. A weak follow-through could result in the continuation of the bear channel, while a strong follow-through may signal the resumption of the bull trend or the formation of a large trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market is trading within a bear channel. The probability of a successful bullish breakout from a bear channel is approximately 75%, whereas the probability of a successful bearish breakout is only around 25%.<\/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 who bought the bullish breakout of the cup and handle pattern can exit their trades, as the market has reached the measured move target.<\/li>\n\n\n\n
- Traders who are not currently in any position can enter a short position on a strong bearish close and exit near the bottom trendline of the bull channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- The market is currently forming a bull micro channel, increasing the chances of a second leg up. Traders can take advantage of this by entering a long position on a High-1 setup.<\/li>\n\n\n\n
- A breakout gap is forming near the breakout of the cup and handle pattern, which could result in a measuring gap and a measured move.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- General Discussion<\/strong>\n
- The market is trading within a bear channel. The probability of a successful bullish breakout from a bear channel is approximately 75%, whereas the probability of a successful bearish breakout is only around 25%.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n