Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the monthly chart. This month, the market closed weakly bearish, with long tails on both sides of the bar. It is currently trading near the bottom of the bull channel. On the weekly chart, Nifty 50 is trading within a wedge and has formed an […]

Market Overview: Nifty 50 Futures Nifty 50 Outside Bar on the weekly chart. This week, the market formed another bear bar with a small body, covering the previous week’s doji bar. It is currently trading within a wedge pattern and is approaching a breakout. A strong close with follow-through on either side could lead to […]

Market Overview: Nifty 50 Futures Nifty 50 Wedge on the weekly chart. This week, the market formed a small doji bar and is trading within a wedge pattern. The bull trend remains intact, as a reversal has not yet been confirmed. A successful breakout from the wedge in either direction will determine the next trend. […]

Market Overview: Nifty 50 Futures Nifty 50 Cup & Handle on the weekly chart. This week, the market closed with a strong bearish tone and is currently trading within a wedge and a bear channel. Over the past eight weeks, the bears have managed to produce strong bearish bars but have struggled to achieve follow-through, […]

Market Overview: Nifty 50 Futures Nifty 50 Bear Channel on the monthly chart. This month, the market formed a bearish bar that closed near its low, with a long upper tail. It is trading within a bearish channel after reaching the measured move target of the wedge top overshoot. On the weekly chart, the market […]

Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. This week, the market closed with a small bull bar following a strong bear bar that had closed near its low. The bull bar represents weak follow-through for the bear bar and is more likely to result in a trading range than […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Flag on the weekly chart. This week, the market formed a strong bearish bar, closing near its low, yet it remains within the bull channel. For the bull trend to reverse, bears need a strong follow-through bar and a decisive breakout below the bull channel. Currently, the […]

Market Overview: Nifty 50 Futures Nifty 50 Inside Bar on the weekly chart. The market on the weekly chart has closed bullish this week. This is the first time, after a strong bear reversal attempt, that the bulls have managed to produce consecutive bullish bars. The market is currently trading within a bull channel and […]

Market Overview: Nifty 50 Futures Nifty 50 Trading Range on the weekly chart. The weekly chart shows a bullish close this week, confirming the failure of the head and shoulders top pattern. This increases the likelihood of a trading range instead of a reversal. Additionally, the market has broken out of the bear channel with […]

Market Overview: Nifty 50 Futures Nifty 50 Bull Channel on the monthly chart. This month, the market closed weakly in a bearish manner, showing poor follow-through after a strong reversal attempt by the bears. On the monthly chart, the market is trading within a bull channel. On the weekly chart, the Nifty 50 also closed […]