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\/2026\/06\/BTC-Blog.002-680x383.jpeg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are holding a long position may hold on with a wide stop below the recent swing low. The market has broken out above the bear channel on the weekly chart, and this breakout may be the beginning of a new leg up. Traders may want to give the market room to breathe, as the channel breakout is still in its early stages and could see a pullback before continuing higher.<\/li>\n\n\n\n
- Traders who are holding a short position should be cautious. The market has broken above the bear channel, which is a sign that the bears are losing control. Traders holding shorts may consider tightening their stops or exiting entirely, as the channel breakout suggests the always-in direction may be shifting to the upside.<\/li>\n\n\n\n
- Traders who are not currently holding a position may look for a pullback to the top of the broken bear channel as an entry point for a long position. If the market pulls back to the breakout area and forms a strong bull bar or a bar pullback buy setup, that would be an opportunity to enter long with a stop below the swing low. Traders entering new shorts here would be fighting the breakout and should wait for clear evidence of a failed breakout before doing so.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The weekly chart shows that after a significant bear trend from the highs near 26,000 down to approximately 21,800, the market has been forming a bear channel over the past several weeks. The recent price action shows the market breaking above the upper trend line of this bear channel, which is a meaningful development. Channel breakouts in a bear trend often attract bulls who were waiting for early signs of a reversal, and the breakout may lead to a larger measured move up if follow-through buying comes in on subsequent weeks.<\/li>\n\n\n\n
- The bear channel itself formed after a sharp sell-off, and the market moved in a relatively orderly downward drift. When markets break out of orderly bear channels to the upside, chances are that the first target is a test of the prior swing high before the channel began. Traders should note that channel breakout bars sometimes get faded in the following week, so the absence of a strong bear reversal bar next week would be a sign that the bulls are in control.<\/li>\n\n\n\n
- The current bar breaking out of the channel closed near the upper end of its range, which adds confidence to the bull case. A weak close or a bar with a long upper tail would reduce the probability of follow-through. Traders may watch the next one to two weekly bars closely to see if the market can sustain above the channel boundary, which would confirm that this is a genuine breakout and not a bull trap.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The dominant pattern on the weekly chart is a bear channel following a major top near 26,000. The channel breakout to the upside is now the key event to monitor. If the breakout holds, the measured move target would be derived from the height of the channel projected upward from the breakout point, which could bring the market back toward the 24,000\u201325,000 area over the coming weeks.<\/li>\n\n\n\n
- The broader context shows the market is in a large trading range between the 2025 highs and the recent lows near 21,800. The channel breakout may be the first leg of a recovery toward the upper end of this broader range. Traders may treat any pullback into the channel as a potential higher low and a second entry long setup.<\/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![\"Double](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2026\/06\/BTC-Blog.003-680x383.jpeg\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who are holding a long position from the double bottom or the fake bear breakout area may continue to hold with a stop below the second bottom of the double bottom pattern. The market has shown strong follow-through after the fake bear breakout, and traders may raise their stops to below the most recent pullback low to protect profits. The current price action suggests the bulls are in control on the daily chart.<\/li>\n\n\n\n
- Traders who are holding a short position from the recent sell-off are now in a difficult spot. The double bottom and the failure of the bear breakout are signs that the bears were unable to push the market to new lows, and the market has since rallied strongly. Traders holding shorts may look to exit on any minor pullback rather than waiting for a retest of the highs, as the failed breakout pattern favors the bulls.<\/li>\n\n\n\n
- Traders who are not currently holding a position may look to enter long on a pullback toward the 23,000\u201323,200 area, which was the breakout level above the double bottom. A bar pullback or a small inside bar in that zone would be a reasonable entry for a long with a stop below the double bottom low. Traders considering a short entry should wait for a clear reversal pattern near the recent highs before initiating a position.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The daily chart shows a clear double bottom formation, where the market tested the lows near 22,800 twice without making a lower low. The second test of the low is the fake bear breakout, meaning the bears pushed the market below the first bottom but could not generate follow-through selling. This failure is a sign that the selling pressure is exhausted, and the bulls took control by pushing the market back above the prior swing low, triggering stops on shorts and inviting new longs.<\/li>\n\n\n\n
- The rally following the fake bear breakout has been relatively strong, with the market printing several large bull bars and moving higher without significant pullbacks. This kind of follow-through after a failed breakdown is typical behavior after a double bottom pattern, as trapped bears are forced to cover and new longs enter aggressively. Chances are that the market will continue higher as long as it does not reverse below the double bottom low on a weekly or multi-day basis.<\/li>\n\n\n\n
- The most recent bars on the right side of the daily chart show the market continuing to push higher, with the price now approaching the prior consolidation area near 23,700\u201324,000. Traders may expect some resistance in this zone as it was an area of prior trading range activity. A strong bull bar closing above this resistance would suggest the market has enough momentum to attempt a test of the weekly highs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The key pattern on the daily chart is the double bottom with a fake bear breakout. This is a high-probability reversal pattern when it occurs at a significant support level, as it traps bears and provides fuel for a sustained rally. Traders who identified this pattern early had the opportunity to enter long near the lows with a very favorable risk-to-reward setup.<\/li>\n\n\n\n
- The rally from the double bottom can be seen as the first leg of a potential larger recovery move on the daily chart. If the market can break above the prior consolidation high near 24,000, there is a measured move target from the double bottom that could bring price toward the 24,500\u201325,000 area. Traders may use any pullback that holds above the breakout level as a second-entry long opportunity to add to existing positions.<\/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 a long position may hold on with a wide stop below the recent swing low. The market has broken out above the bear channel on the weekly chart, and this breakout may be the beginning of a new leg up. Traders may want to give the market room to breathe, as the channel breakout is still in its early stages and could see a pullback before continuing higher.<\/li>\n\n\n\n
- Traders who are holding a short position should be cautious. The market has broken above the bear channel, which is a sign that the bears are losing control. Traders holding shorts may consider tightening their stops or exiting entirely, as the channel breakout suggests the always-in direction may be shifting to the upside.<\/li>\n\n\n\n
- Traders who are not currently holding a position may look for a pullback to the top of the broken bear channel as an entry point for a long position. If the market pulls back to the breakout area and forms a strong bull bar or a bar pullback buy setup, that would be an opportunity to enter long with a stop below the swing low. Traders entering new shorts here would be fighting the breakout and should wait for clear evidence of a failed breakout before doing so.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The weekly chart shows that after a significant bear trend from the highs near 26,000 down to approximately 21,800, the market has been forming a bear channel over the past several weeks. The recent price action shows the market breaking above the upper trend line of this bear channel, which is a meaningful development. Channel breakouts in a bear trend often attract bulls who were waiting for early signs of a reversal, and the breakout may lead to a larger measured move up if follow-through buying comes in on subsequent weeks.<\/li>\n\n\n\n
- The bear channel itself formed after a sharp sell-off, and the market moved in a relatively orderly downward drift. When markets break out of orderly bear channels to the upside, chances are that the first target is a test of the prior swing high before the channel began. Traders should note that channel breakout bars sometimes get faded in the following week, so the absence of a strong bear reversal bar next week would be a sign that the bulls are in control.<\/li>\n\n\n\n
- The current bar breaking out of the channel closed near the upper end of its range, which adds confidence to the bull case. A weak close or a bar with a long upper tail would reduce the probability of follow-through. Traders may watch the next one to two weekly bars closely to see if the market can sustain above the channel boundary, which would confirm that this is a genuine breakout and not a bull trap.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The dominant pattern on the weekly chart is a bear channel following a major top near 26,000. The channel breakout to the upside is now the key event to monitor. If the breakout holds, the measured move target would be derived from the height of the channel projected upward from the breakout point, which could bring the market back toward the 24,000\u201325,000 area over the coming weeks.<\/li>\n\n\n\n
- The broader context shows the market is in a large trading range between the 2025 highs and the recent lows near 21,800. The channel breakout may be the first leg of a recovery toward the upper end of this broader range. Traders may treat any pullback into the channel as a potential higher low and a second entry long setup.<\/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 holding a long position from the double bottom or the fake bear breakout area may continue to hold with a stop below the second bottom of the double bottom pattern. The market has shown strong follow-through after the fake bear breakout, and traders may raise their stops to below the most recent pullback low to protect profits. The current price action suggests the bulls are in control on the daily chart.<\/li>\n\n\n\n
- Traders who are holding a short position from the recent sell-off are now in a difficult spot. The double bottom and the failure of the bear breakout are signs that the bears were unable to push the market to new lows, and the market has since rallied strongly. Traders holding shorts may look to exit on any minor pullback rather than waiting for a retest of the highs, as the failed breakout pattern favors the bulls.<\/li>\n\n\n\n
- Traders who are not currently holding a position may look to enter long on a pullback toward the 23,000\u201323,200 area, which was the breakout level above the double bottom. A bar pullback or a small inside bar in that zone would be a reasonable entry for a long with a stop below the double bottom low. Traders considering a short entry should wait for a clear reversal pattern near the recent highs before initiating a position.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The daily chart shows a clear double bottom formation, where the market tested the lows near 22,800 twice without making a lower low. The second test of the low is the fake bear breakout, meaning the bears pushed the market below the first bottom but could not generate follow-through selling. This failure is a sign that the selling pressure is exhausted, and the bulls took control by pushing the market back above the prior swing low, triggering stops on shorts and inviting new longs.<\/li>\n\n\n\n
- The rally following the fake bear breakout has been relatively strong, with the market printing several large bull bars and moving higher without significant pullbacks. This kind of follow-through after a failed breakdown is typical behavior after a double bottom pattern, as trapped bears are forced to cover and new longs enter aggressively. Chances are that the market will continue higher as long as it does not reverse below the double bottom low on a weekly or multi-day basis.<\/li>\n\n\n\n
- The most recent bars on the right side of the daily chart show the market continuing to push higher, with the price now approaching the prior consolidation area near 23,700\u201324,000. Traders may expect some resistance in this zone as it was an area of prior trading range activity. A strong bull bar closing above this resistance would suggest the market has enough momentum to attempt a test of the weekly highs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The key pattern on the daily chart is the double bottom with a fake bear breakout. This is a high-probability reversal pattern when it occurs at a significant support level, as it traps bears and provides fuel for a sustained rally. Traders who identified this pattern early had the opportunity to enter long near the lows with a very favorable risk-to-reward setup.<\/li>\n\n\n\n
- The rally from the double bottom can be seen as the first leg of a potential larger recovery move on the daily chart. If the market can break above the prior consolidation high near 24,000, there is a measured move target from the double bottom that could bring price toward the 24,500\u201325,000 area. Traders may use any pullback that holds above the breakout level as a second-entry long opportunity to add to existing positions.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- General Discussion<\/strong>\n