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\/06\/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 in a long position should continue holding, as the market is in a strong bull channel and the all-time high level will now act as a magnet, increasing the likelihood of the market reaching that level.<\/li>\n\n\n\n
- Since the bull channel is strong, traders should avoid entering short positions. However, they may consider shorting near the all-time high if the market begins to show trading range price action.<\/li>\n\n\n\n
- Traders not currently in any position can either enter on the next open or wait for a strong bull breakout above the all-time high before entering.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- As the market approaches the all-time high level (an important level), there is a higher chance it will exhibit trading range price action.<\/li>\n\n\n\n
- This can create opportunities for traders to enter short positions, as the market will also be trading near the bull channel high.<\/li>\n\n\n\n
- Over the last several bars, the bears have failed to produce strong consecutive bear bars, which lowers the probability of a bear reversal before a second leg up.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- Since a second leg up is very likely before any reversal, traders who prefer not to enter long on the open can wait for the market to form a High 1 signal and then enter a long position.<\/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\/06\/Nifty-50-Big-Round-Number-Breakout-680x382.jpg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are in long positions should continue holding at least until the market reaches the measured move target based on the height of the trading range. Traders can exit early if the market starts forming strong consecutive bear bars before reaching the target.<\/li>\n\n\n\n
- Traders who are in a bear position (shorted on the bear hammer bar, betting on the failure of the bull breakout) may consider exiting their trades, as the market has shown a successful follow-through. This reduces the chances of a breakout failure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- The first bull breakout attempt of the trading range failed, and the market instead formed a bear hammer bar. However, even after this strong bear bar, the bears failed to get a follow-through down.<\/li>\n\n\n\n
- The bar after the hammer bar opened well above the close of the hammer, trapping bears who shorted the close and leading to a sharp upward 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 are in a long position should continue holding, as the market is in a strong bull channel and the all-time high level will now act as a magnet, increasing the likelihood of the market reaching that level.<\/li>\n\n\n\n
- Since the bull channel is strong, traders should avoid entering short positions. However, they may consider shorting near the all-time high if the market begins to show trading range price action.<\/li>\n\n\n\n
- Traders not currently in any position can either enter on the next open or wait for a strong bull breakout above the all-time high before entering.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- As the market approaches the all-time high level (an important level), there is a higher chance it will exhibit trading range price action.<\/li>\n\n\n\n
- This can create opportunities for traders to enter short positions, as the market will also be trading near the bull channel high.<\/li>\n\n\n\n
- Over the last several bars, the bears have failed to produce strong consecutive bear bars, which lowers the probability of a bear reversal before a second leg up.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- Since a second leg up is very likely before any reversal, traders who prefer not to enter long on the open can wait for the market to form a High 1 signal and then enter a long position.<\/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 are in long positions should continue holding at least until the market reaches the measured move target based on the height of the trading range. Traders can exit early if the market starts forming strong consecutive bear bars before reaching the target.<\/li>\n\n\n\n
- Traders who are in a bear position (shorted on the bear hammer bar, betting on the failure of the bull breakout) may consider exiting their trades, as the market has shown a successful follow-through. This reduces the chances of a breakout failure.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- The first bull breakout attempt of the trading range failed, and the market instead formed a bear hammer bar. However, even after this strong bear bar, the bears failed to get a follow-through down.<\/li>\n\n\n\n
- The bar after the hammer bar opened well above the close of the hammer, trapping bears who shorted the close and leading to a sharp upward move.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- General Discussion<\/strong>\n
- Since a second leg up is very likely before any reversal, traders who prefer not to enter long on the open can wait for the market to form a High 1 signal and then enter a long position.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n