Nifty 50 futures<\/h2>\n\n\n\nThe Monthly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/04\/NIFTY-50-Monthly-Chart-Strong-Bull-Close-near-Middle-of-Range-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- From September 2021 the market is still not able to test the all time high<\/li>\n\n\n\n
- After the pandemic crash the market has seen a good recovery of around 150%<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
\n- NIFTY 50 moved to higher levels<\/a> with very good bull closes<\/li>\n\n\n\n
- Market moved higher with no consecutive bear bars<\/li>\n\n\n\n
- Whenever market shows this type of move always remember never sell<\/strong><\/li>\n\n\n\n
- In these types of move you always have to enter on a High 1 or High 2<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- After the pandemic bottom <\/span>market has given a measured move target (marked with blue color)<\/li>\n\n\n\n
- NIFTY 50 has also had 3 legs up which clearly tells us market is near the top of a wedge <\/span>or channel <\/span>(see the red numbers)<\/li>\n\n\n\n
- NIFTY 50 has also given Leg 1 = Leg 2<\/span> measured move<\/li>\n\n\n\n
- Market is currently trading in a trading range<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Pro Tip<\/strong> (I am not a pro 😅)\n
\n- Whenever you see two legs to upside (with strong bull closes in the two legs) then you can buy High 1 <\/span>or High 2<\/span> from the third leg up<\/li>\n\n\n\n
- Whenever you see market giving candles with too many tails then avoid entering long \/ short for some time as this suggests that market is just in a trading range <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/04\/NIFTY-50-Weekly-Chart-Expanding-Triangle-in-Strong-Up-Trend-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- General Discussion<\/strong>\n
\n- From the last two months the market is forming strong consecutive bear bars as well as bull bars<\/li>\n\n\n\n
- Limit order bulls buying at the swing lows<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
\n- Limit order bulls are able to make money by buying at the swing lows and whenever this happens there are two possibilities…\n
\n- If the above structure occurs after strong bull trend and market has already spent time going sideways (like here) then there are higher chances that bulls would be able to get a trend resumption 60% – 70% of the time.<\/li>\n\n\n\n
- If above structure occurs in weak bull market then higher chance that bears would be able keep the market going sideways or even make the market trend downwards <\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Bulls buying near the swing lows are taking their profits before the SWING HIGHS<\/span> and this is the sign that bulls are not confident for a bull trend and they assume that market would still be in a trading range<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- Market completed a measured move target of a rising wedge<\/span> due to which PROFIT taking came and thus market went sideways<\/li>\n\n\n\n
- Market has now entered a downwards expanding triangle<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
![\"Nifty](\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2022\/04\/NIFTY-50-Monthly-Chart-Strong-Bull-Close-near-Middle-of-Range.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n
- \n
- General Discussion<\/strong>\n
- \n
- From September 2021 the market is still not able to test the all time high<\/li>\n\n\n\n
- After the pandemic crash the market has seen a good recovery of around 150%<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into the price action<\/strong>\n
- \n
- NIFTY 50 moved to higher levels<\/a> with very good bull closes<\/li>\n\n\n\n
- Market moved higher with no consecutive bear bars<\/li>\n\n\n\n
- Whenever market shows this type of move always remember never sell<\/strong><\/li>\n\n\n\n
- In these types of move you always have to enter on a High 1 or High 2<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- After the pandemic bottom <\/span>market has given a measured move target (marked with blue color)<\/li>\n\n\n\n
- NIFTY 50 has also had 3 legs up which clearly tells us market is near the top of a wedge <\/span>or channel <\/span>(see the red numbers)<\/li>\n\n\n\n
- NIFTY 50 has also given Leg 1 = Leg 2<\/span> measured move<\/li>\n\n\n\n
- Market is currently trading in a trading range<\/span><\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Pro Tip<\/strong> (I am not a pro 😅)\n
- \n
- Whenever you see two legs to upside (with strong bull closes in the two legs) then you can buy High 1 <\/span>or High 2<\/span> from the third leg up<\/li>\n\n\n\n
- Whenever you see market giving candles with too many tails then avoid entering long \/ short for some time as this suggests that market is just in a trading range <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
The Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- From the last two months the market is forming strong consecutive bear bars as well as bull bars<\/li>\n\n\n\n
- Limit order bulls buying at the swing lows<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into price action<\/strong>\n
- \n
- Limit order bulls are able to make money by buying at the swing lows and whenever this happens there are two possibilities…\n
- \n
- If the above structure occurs after strong bull trend and market has already spent time going sideways (like here) then there are higher chances that bulls would be able to get a trend resumption 60% – 70% of the time.<\/li>\n\n\n\n
- If above structure occurs in weak bull market then higher chance that bears would be able keep the market going sideways or even make the market trend downwards <\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Bulls buying near the swing lows are taking their profits before the SWING HIGHS<\/span> and this is the sign that bulls are not confident for a bull trend and they assume that market would still be in a trading range<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- Market completed a measured move target of a rising wedge<\/span> due to which PROFIT taking came and thus market went sideways<\/li>\n\n\n\n
- Market has now entered a downwards expanding triangle<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- Market has now entered a downwards expanding triangle<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- Patterns<\/strong>\n
- Limit order bulls are able to make money by buying at the swing lows and whenever this happens there are two possibilities…\n
- Whenever you see market giving candles with too many tails then avoid entering long \/ short for some time as this suggests that market is just in a trading range <\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n
- NIFTY 50 has also had 3 legs up which clearly tells us market is near the top of a wedge <\/span>or channel <\/span>(see the red numbers)<\/li>\n\n\n\n
- NIFTY 50 moved to higher levels<\/a> with very good bull closes<\/li>\n\n\n\n