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\/05\/Nifty-50-Bull-Channel-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are holding long positions should continue holding until the market gives another strong bear close.<\/li>\n\n\n\n
- Traders who are not holding any positions can wait for the market to give a bull close and then enter a long position, as the market is trading inside a strong bull channel.<\/li>\n\n\n\n
- As the previous bull leg was strong, the chances of a second leg up are high before a successful bear breakout of the bull channel. So, traders can enter a short position on a strong bear close after the second leg up or a high-2 failure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
\n- The current bull leg has formed a bull gap which is still open. As the market is showing trading range price action, the chances of this gap being filled are high.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- After the four-bar bull micro channel, the market gave a strong bear close this week. Many bulls might have entered positions by placing buy limit orders at the low of the previous week’s bull bar.<\/li>\n\n\n\n
- These trapped bulls might start exiting their positions if the bears are able to get another strong bear close, as that would increase the chances of a successful bear breakout.<\/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\/05\/Nifty-50-Spike-Channel-Up-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who bought near the bottom of the bull channel and are still holding their long positions should place a stop at today\u2019s low.<\/li>\n\n\n\n
- Bears who shorted on the bear breakout can hold their positions, but if the bulls are able to get a strong consecutive bull bar, then they must exit, as that would imply the market is trading inside a broad bull channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- Notice that the market has started forming bars with small bodies and long tails on either side. This is a sign of an upcoming trading range.<\/li>\n\n\n\n
- As a trading range is expected, traders should change the way they trade. Instead of holding positions for big swings, they should now be quick to exit trades due to frequent small reversals.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market is forming a bull micro channel pattern followed by a bull channel. When these two patterns occur consecutively, it is called a spike and channel up pattern.<\/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
- Traders who are holding long positions should continue holding until the market gives another strong bear close.<\/li>\n\n\n\n
- Traders who are not holding any positions can wait for the market to give a bull close and then enter a long position, as the market is trading inside a strong bull channel.<\/li>\n\n\n\n
- As the previous bull leg was strong, the chances of a second leg up are high before a successful bear breakout of the bull channel. So, traders can enter a short position on a strong bear close after the second leg up or a high-2 failure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
- \n
- The current bull leg has formed a bull gap which is still open. As the market is showing trading range price action, the chances of this gap being filled are high.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- After the four-bar bull micro channel, the market gave a strong bear close this week. Many bulls might have entered positions by placing buy limit orders at the low of the previous week’s bull bar.<\/li>\n\n\n\n
- These trapped bulls might start exiting their positions if the bears are able to get another strong bear close, as that would increase the chances of a successful bear breakout.<\/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 near the bottom of the bull channel and are still holding their long positions should place a stop at today\u2019s low.<\/li>\n\n\n\n
- Bears who shorted on the bear breakout can hold their positions, but if the bulls are able to get a strong consecutive bull bar, then they must exit, as that would imply the market is trading inside a broad bull channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- Notice that the market has started forming bars with small bodies and long tails on either side. This is a sign of an upcoming trading range.<\/li>\n\n\n\n
- As a trading range is expected, traders should change the way they trade. Instead of holding positions for big swings, they should now be quick to exit trades due to frequent small reversals.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market is forming a bull micro channel pattern followed by a bull channel. When these two patterns occur consecutively, it is called a spike and channel up pattern.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- The market is forming a bull micro channel pattern followed by a bull channel. When these two patterns occur consecutively, it is called a spike and channel up pattern.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- General Discussion<\/strong>\n