{"id":261329,"date":"2026-01-31T07:00:00","date_gmt":"2026-01-31T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=261329"},"modified":"2026-01-31T00:48:32","modified_gmt":"2026-01-31T08:48:32","slug":"nifty-50-double-top-and-new-all-time-high","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/es\/analysis\/nifty-50-double-top-and-new-all-time-high\/","title":{"rendered":"Nifty 50 Double Top and a new All-Time High"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Nifty 50 Futures<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/indices\/india-50-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Nifty 50<\/strong><\/a> Double Top and a new All-Time High. Nifty 50 formed a bearish outside bar this month, with a tail at the bottom. This is the second attempt by the bears to form a double top and trigger a reversal, after failing in their first attempt. Overall, the market remains in a strong bullish trend, but the recent deep pullback may cause the market to move sideways. On the weekly chart, Nifty 50 is trading near the lower trend line of the bull channel.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nifty 50 futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Monthly<\/em> Nifty 50 chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High-680x382.jpg\" alt=\"Nifty 50 Double Top and a new All-Time High\" class=\"wp-image-261414\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High.jpg 1300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>General Discussion<\/strong>\n<ul class=\"wp-block-list\">\n<li>Traders who are in long positions may continue holding their trades until the bears start forming consecutive bear bars.<\/li>\n\n\n\n<li>Traders who are not holding any positions may wait for the next close. If the market gives a strong bull close, traders can go long, as this would suggest that the bears have again failed to cause a reversal. However, if the market forms a strong bear close, the chances will be high that the market is shifting into a trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Deeper into the Price Action<\/strong>\n<ul class=\"wp-block-list\">\n<li>If the bears succeed in forming consecutive bear bars, traders can expect the market to start trading within a trading range.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Patterns<\/strong>\n<ul class=\"wp-block-list\">\n<li>The market is forming a double top pattern. Usually, if the bears get a bear breakout below the double top neckline, traders can expect a measured move down based on the height of the pattern. However, since this is a monthly chart, the chances of this happening are very low.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel.jpg\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"382\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel-680x382.jpg\" alt=\"Nifty 50 Bull Channel\" class=\"wp-image-261415\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel-680x382.jpg 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel-300x169.jpg 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel-768x432.jpg 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Bull-Channel.jpg 1300w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>General Discussion<\/strong>\n<ul class=\"wp-block-list\">\n<li>Traders who are in short positions may exit their trades, as the market has reached the lower trend line of the channel.<\/li>\n\n\n\n<li>Traders who are not holding any positions may enter a long position at the high of the bull bar, or wait and enter on the second leg up.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Deeper into the Price Action<\/strong>\n<ul class=\"wp-block-list\">\n<li>Notice that within the bull channel, the market formed a sharp move down. Such moves generally suggest trading range price action, so traders should manage their positions accordingly.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Patterns<\/strong>\n<ul class=\"wp-block-list\">\n<li>The market is forming an inside bar near the lower trend line of the channel. If the bears are able to get a breakout on either side, traders can expect the market to move up or down with a measured move based on the height of the inside bar.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>Market Overview: Nifty 50 Futures Nifty 50 Double Top and a new All-Time High. Nifty 50 formed a bearish outside bar this month, with a tail at the bottom. This is the second attempt by the bears to form a double top and trigger a reversal, after failing in their first attempt. Overall, the market [&hellip;]<\/p>\n","protected":false},"author":12159,"featured_media":261414,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[136,1851],"tags":[1852],"class_list":{"0":"post-261329","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nifty-50","9":"tag-nifty-50","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/01\/Nifty-50-Double-Top-and-a-new-All-Time-High.jpg","author_info":{"display_name":"Rishi","author_link":"https:\/\/www.brookstradingcourse.com\/es\/author\/rishi\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/261329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/users\/12159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/comments?post=261329"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/posts\/261329\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media\/261414"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/media?parent=261329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/categories?post=261329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/es\/wp-json\/wp\/v2\/tags?post=261329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}