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\/07\/BTC-Blog.002-4-680x383.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 from the rising lower trend line may continue to hold, but they may take partial profits every time the market gets near the upper line of the triangle, because the bulls have failed there repeatedly over the past three months. Their protective stop can go below the rising trend line, and because the triangle is converging, that stop is getting tighter each week. If the market closes below the rising trend line, the bulls will have to admit that the buying pressure in the triangle was not strong enough.<\/li>\n\n\n\n
- Traders who are holding a short position from near the upper line of the triangle may continue to hold, since this week the market formed a bear bar closing near its low after failing to break above the top of the triangle. They may take partial profits as the market approaches the rising lower trend line and hold the rest only if the bears create follow-through selling. Their stop can be above the top of the triangle, which is where the bulls would be back in control.<\/li>\n\n\n\n
- Traders who are not holding any position may wait for the market to reach either end of the triangle before deciding. They can buy near the rising lower trend line with a stop below it, or sell near the upper line with a stop above it, expecting a move to the opposite side. More patient traders may simply wait for a strong breakout with a strong close and follow-through, and then enter on the first pullback, because at the moment the market is trading in the middle of the pattern, which is the worst place to initiate a trade.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The bars over the past three months have big tails on both ends and heavily overlapping bodies, and bull bars are followed by bear bars. This is a sign of a trading range, and traders should expect failed breakouts in both directions instead of sustained trends. This week the market probed above the middle of the pattern and then closed lower, which is exactly what happens inside a range.<\/li>\n\n\n\n
- The selloff from the December high was made up of a series of large bear bars, and the rally from the March low was made up of equally large bull bars. When both the bulls and the bears are able to create big bars, chances are that neither side is in control, and the market usually spends many bars going sideways while it decides. That is what the triangle represents.<\/li>\n\n\n\n
- The market is currently in the middle of the much larger range between the March low and the December high. Traders who want to trade here need wide stops, and a wide stop means they either need a much bigger target or a much smaller position. This is why most traders may prefer to wait for the market to come to one of the extremes of the pattern rather than trading in the middle.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market is forming a triangle, with a series of lower highs along the upper line and higher lows along the rising lower line. A triangle is simply a type of trading range, and about half the time it breaks out in the direction of the prior move. A breakout above the upper line would give a measured move up equal to roughly the height of the triangle, and a breakout below the rising trend line would give a measured move down of the same size.<\/li>\n\n\n\n
- The entire move since the start of the year is a large trading range, and the triangle is a smaller pattern developing near the middle of it. Traders may therefore see the triangle either as a pullback in the bigger bull trend that began at last year’s low, or as a final flag at the end of the rally from the March low. Until there is a breakout with follow-through, both interpretations remain equally reasonable.<\/li>\n\n\n\n
- The rally from the March low was strong enough that the bulls will keep trying, and the pullback so far has been sideways rather than deep. Chances are that the first breakout attempt in either direction will fail, so traders may look to trade against the first breakout and only trade with the second attempt.<\/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\/2026\/07\/BTC-Blog.003-2-680x383.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 lower in the bull channel may continue to hold, but they were hurt by the large bear bar that closed near its low and brought the market back down to the lower trend line of the channel. They may hold as long as the market stays above the channel bottom, with their protective stop below the early June low. If the bears follow up with a second strong bear bar closing below the channel, the bulls may prefer to exit and wait for a better entry.<\/li>\n\n\n\n
- Traders who are holding a short position from the top of the channel may take partial profits here, since the market is now testing the lower trend line of the bull channel and the first test of a bull channel bottom usually gets bought at least once. They may hold the rest of their position with a stop above the recent high, looking for a breakout below the channel and a measured move down. If the market forms a strong bull reversal bar at the trend line, the bears may take the rest of their profits and wait.<\/li>\n\n\n\n
- Traders who are not holding any position may wait to see what happens at the lower trend line of the channel. If the market forms a bull reversal bar with a good close there, they can buy with a stop below the low of that bar, expecting a test of the top of the channel. Traders who want to be short may wait for a strong bear close below the channel and then sell the first pullback, rather than selling here after a big bear bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- The bull channel is broad and the bars inside it overlap heavily, with several small bars and repeated pullbacks along the way. This means it is a weak bull channel, and a weak bull channel behaves more like a trading range with a bull bias than a trend. Traders may therefore buy near the lower trend line, take profits near the upper trend line, and scalp instead of swinging.<\/li>\n\n\n\n
- The market formed a strong bull bar earlier this month, but it did not lead to a strong bull trend, and now it has formed a large bear bar closing near its low, which so far has also not led to more selling. When surprise bars in both directions do not get follow-through, chances are that the market is still in a range, and traders should scale down their expectations for how far the next leg will run.<\/li>\n\n\n\n
- The bear bar this week is the largest bear bar inside the channel and it erased about two weeks of gains in a single day. A bar like this usually leads to at least a couple more legs sideways to down, even if the bulls buy the first test of the trend line. Traders may therefore expect the market to spend some bars going sideways here rather than immediately resuming up.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market has been trading inside a bull channel since the middle of May, and the lower trend line has already been tested a couple of times, around the middle of May and again in early June. Those two lows are at roughly the same price, which is a small double bottom, and the bulls will want to see the market hold above them. A break below the channel with follow-through would give a measured move down equal to the height of the channel.<\/li>\n\n\n\n
- The market formed a couple of highs near the top of the channel in July before this sharp selloff, and the bears are treating that area as resistance. If the next rally stops below those highs, the bears will have a lower high, and that would increase the chances of a break below the channel. If instead the market breaks above them, the bull channel remains intact and the bulls will look for a measured move up.<\/li>\n\n\n\n
- The rally from the April low up to the July high can be seen as one leg of a bigger sideways market, and the current pullback may become a bull flag. Traders may watch whether this pullback stays above the June low, because that would keep the sequence of higher lows alive and favour the bulls for the next leg up.<\/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 from the rising lower trend line may continue to hold, but they may take partial profits every time the market gets near the upper line of the triangle, because the bulls have failed there repeatedly over the past three months. Their protective stop can go below the rising trend line, and because the triangle is converging, that stop is getting tighter each week. If the market closes below the rising trend line, the bulls will have to admit that the buying pressure in the triangle was not strong enough.<\/li>\n\n\n\n
- Traders who are holding a short position from near the upper line of the triangle may continue to hold, since this week the market formed a bear bar closing near its low after failing to break above the top of the triangle. They may take partial profits as the market approaches the rising lower trend line and hold the rest only if the bears create follow-through selling. Their stop can be above the top of the triangle, which is where the bulls would be back in control.<\/li>\n\n\n\n
- Traders who are not holding any position may wait for the market to reach either end of the triangle before deciding. They can buy near the rising lower trend line with a stop below it, or sell near the upper line with a stop above it, expecting a move to the opposite side. More patient traders may simply wait for a strong breakout with a strong close and follow-through, and then enter on the first pullback, because at the moment the market is trading in the middle of the pattern, which is the worst place to initiate a trade.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The bars over the past three months have big tails on both ends and heavily overlapping bodies, and bull bars are followed by bear bars. This is a sign of a trading range, and traders should expect failed breakouts in both directions instead of sustained trends. This week the market probed above the middle of the pattern and then closed lower, which is exactly what happens inside a range.<\/li>\n\n\n\n
- The selloff from the December high was made up of a series of large bear bars, and the rally from the March low was made up of equally large bull bars. When both the bulls and the bears are able to create big bars, chances are that neither side is in control, and the market usually spends many bars going sideways while it decides. That is what the triangle represents.<\/li>\n\n\n\n
- The market is currently in the middle of the much larger range between the March low and the December high. Traders who want to trade here need wide stops, and a wide stop means they either need a much bigger target or a much smaller position. This is why most traders may prefer to wait for the market to come to one of the extremes of the pattern rather than trading in the middle.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market is forming a triangle, with a series of lower highs along the upper line and higher lows along the rising lower line. A triangle is simply a type of trading range, and about half the time it breaks out in the direction of the prior move. A breakout above the upper line would give a measured move up equal to roughly the height of the triangle, and a breakout below the rising trend line would give a measured move down of the same size.<\/li>\n\n\n\n
- The entire move since the start of the year is a large trading range, and the triangle is a smaller pattern developing near the middle of it. Traders may therefore see the triangle either as a pullback in the bigger bull trend that began at last year’s low, or as a final flag at the end of the rally from the March low. Until there is a breakout with follow-through, both interpretations remain equally reasonable.<\/li>\n\n\n\n
- The rally from the March low was strong enough that the bulls will keep trying, and the pullback so far has been sideways rather than deep. Chances are that the first breakout attempt in either direction will fail, so traders may look to trade against the first breakout and only trade with the second attempt.<\/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 lower in the bull channel may continue to hold, but they were hurt by the large bear bar that closed near its low and brought the market back down to the lower trend line of the channel. They may hold as long as the market stays above the channel bottom, with their protective stop below the early June low. If the bears follow up with a second strong bear bar closing below the channel, the bulls may prefer to exit and wait for a better entry.<\/li>\n\n\n\n
- Traders who are holding a short position from the top of the channel may take partial profits here, since the market is now testing the lower trend line of the bull channel and the first test of a bull channel bottom usually gets bought at least once. They may hold the rest of their position with a stop above the recent high, looking for a breakout below the channel and a measured move down. If the market forms a strong bull reversal bar at the trend line, the bears may take the rest of their profits and wait.<\/li>\n\n\n\n
- Traders who are not holding any position may wait to see what happens at the lower trend line of the channel. If the market forms a bull reversal bar with a good close there, they can buy with a stop below the low of that bar, expecting a test of the top of the channel. Traders who want to be short may wait for a strong bear close below the channel and then sell the first pullback, rather than selling here after a big bear bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- The bull channel is broad and the bars inside it overlap heavily, with several small bars and repeated pullbacks along the way. This means it is a weak bull channel, and a weak bull channel behaves more like a trading range with a bull bias than a trend. Traders may therefore buy near the lower trend line, take profits near the upper trend line, and scalp instead of swinging.<\/li>\n\n\n\n
- The market formed a strong bull bar earlier this month, but it did not lead to a strong bull trend, and now it has formed a large bear bar closing near its low, which so far has also not led to more selling. When surprise bars in both directions do not get follow-through, chances are that the market is still in a range, and traders should scale down their expectations for how far the next leg will run.<\/li>\n\n\n\n
- The bear bar this week is the largest bear bar inside the channel and it erased about two weeks of gains in a single day. A bar like this usually leads to at least a couple more legs sideways to down, even if the bulls buy the first test of the trend line. Traders may therefore expect the market to spend some bars going sideways here rather than immediately resuming up.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market has been trading inside a bull channel since the middle of May, and the lower trend line has already been tested a couple of times, around the middle of May and again in early June. Those two lows are at roughly the same price, which is a small double bottom, and the bulls will want to see the market hold above them. A break below the channel with follow-through would give a measured move down equal to the height of the channel.<\/li>\n\n\n\n
- The market formed a couple of highs near the top of the channel in July before this sharp selloff, and the bears are treating that area as resistance. If the next rally stops below those highs, the bears will have a lower high, and that would increase the chances of a break below the channel. If instead the market breaks above them, the bull channel remains intact and the bulls will look for a measured move up.<\/li>\n\n\n\n
- The rally from the April low up to the July high can be seen as one leg of a bigger sideways market, and the current pullback may become a bull flag. Traders may watch whether this pullback stays above the June low, because that would keep the sequence of higher lows alive and favour the bulls for the next leg up.<\/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