Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel on the weekly chart. The market has been trading within a multi-year bull channel, with price consistently respecting the lower channel line as support during pullbacks. Recent weeks show increased volatility near the upper channel line with several large bear bars, suggesting profit-taking and two-sided […]

Market Overview: Nifty 50 Futures Nifty 50 Head and Shoulders pattern on the weekly chart. The market has completed a major head and shoulders top with the head reaching above 26,200 and both shoulders forming near 26,000. Price has broken below the neckline with strong bear bars and follow-through, and the measured move projects down […]

Market Overview: Nifty 50 Futures Nifty 50 Doji Close and Failed Cup and Handle Breakout on the monthly chart. The market this month formed a doji bar after a failed breakout attempt from the second cup and handle pattern, suggesting that bulls are taking profits near the all-time highs around 26,000. The failed breakout may […]

Market Overview: Nifty 50 Futures Nifty 50 Broad Bull Channel and Inside Bar on the weekly chart. The market is trading inside a broad bull channel that has been in place for almost an year. This week, the market formed an inside bar near the upper channel line, which suggests breakout mode. Since this is […]

Market Overview: Nifty 50 Futures Nifty 50 Increasing Trading Range Price Action. This week, the market formed a very large bull bar but with a long tail at the top. The market is trading inside the trading range, and this week it closed near the middle of the range. Traders may wait for the market […]

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 […]

Market Overview: Nifty 50 Futures Nifty 50 Near Channel Bottom. This week, the market delivered a very strong bear close near the lower trend line of the broad bull channel. On the weekly chart, the market appears to be in a trading range price action phase, so traders should manage their positions accordingly. On the […]

Market Overview: Nifty 50 Futures Nifty 50 Tight Trading Range on the weekly chart. This week, the market gave a weak bearish close with a small body and tails on both sides. It attempted a bearish breakout of the trading range but failed to deliver a strong close. On the daily chart, Nifty 50 had […]