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\/2022\/04\/Screenshot-3328-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n\n- General Discussion<\/strong>
- Increasing bearishness near the top of the expanding triangle<\/li>
- If you notice 2nd<\/sup> bar opened below the close of the 1st<\/sup> bar.<\/li>
- This tells us bears are slowly starting to sell the closes<\/li><\/ul><\/li>
- Deeper into the price action<\/strong>
- Bar 1 gave an bear doji close near top of the expanding triangle, this doji formed just after a bull close which clearly shows bulls losing control.<\/li>
- Bar 2 is a very good follow-through bear bar closing near it’s low.<\/li>
- Bulls also know this and why Bulls would start exiting from their longs and bears would be adding to their shorts<\/li><\/ul><\/li>
- Patterns<\/strong>
- Expanding Triangle still intact <\/li>
- Positive gap acting like a magnet, which means lower prices are more probable.<\/li><\/ul><\/li>
- Pro Tip<\/strong>
- Ever wondered how can you buy low sell high in a trading range?<\/li>
- What you can do is start selling closes near top of the trading range and start buying closes near bottom of the range.<\/li>
- This would give a good entry point and a better Risk to Reward rather than entering on stop orders<\/li><\/ul><\/li><\/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\/2022\/04\/Screenshot-3327-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n- General Discussion<\/strong>
- Market approaching support<\/li>
- Trapped bears who bought on bar 1 looking for exit<\/li>
- Bulls able to get only 1 bull close in the whole week<\/li><\/ul><\/li>
- Deeper into price action<\/strong>
- Many Bears sold the high of bar 1<\/li>
- Bears sold there assuming market would reverse as it was also an resistance area (clearly seen to left on chart in green)<\/li>
- Many bears knew they were trapped so they scaled in their position on the inside bar close i.e. bar 2<\/li>
- Following this, the next bar gapped down as the bears started selling the close of the inside bar<\/li>
- Bears who wanted to exit on breakeven on first entry still not able to exit, as market did not go a tick below their breakeven price<\/li><\/ul><\/li>
- Patterns<\/strong>
- Market breakdown below a weak wedge<\/li>
- Wedge overshoot failed and started reversing down again in a bear channel<\/li>
- The reversal down after the Wedge overshoot fail is not so strong, bear bars are too small to convert bull trend to bear trend <\/li>
- Probably the best bears would get is a trading range (may be a big trading range in future is expected)<\/li><\/ul><\/li><\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
<\/a><\/figure>\n\n\n\n\n
- General Discussion<\/strong>
- Increasing bearishness near the top of the expanding triangle<\/li>
- If you notice 2nd<\/sup> bar opened below the close of the 1st<\/sup> bar.<\/li>
- This tells us bears are slowly starting to sell the closes<\/li><\/ul><\/li>
- Deeper into the price action<\/strong>
- Bar 1 gave an bear doji close near top of the expanding triangle, this doji formed just after a bull close which clearly shows bulls losing control.<\/li>
- Bar 2 is a very good follow-through bear bar closing near it’s low.<\/li>
- Bulls also know this and why Bulls would start exiting from their longs and bears would be adding to their shorts<\/li><\/ul><\/li>
- Patterns<\/strong>
- Expanding Triangle still intact <\/li>
- Positive gap acting like a magnet, which means lower prices are more probable.<\/li><\/ul><\/li>
- Pro Tip<\/strong>
- Ever wondered how can you buy low sell high in a trading range?<\/li>
- What you can do is start selling closes near top of the trading range and start buying closes near bottom of the range.<\/li>
- This would give a good entry point and a better Risk to Reward rather than entering on stop orders<\/li><\/ul><\/li><\/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- General Discussion<\/strong>
- Market approaching support<\/li>
- Trapped bears who bought on bar 1 looking for exit<\/li>
- Bulls able to get only 1 bull close in the whole week<\/li><\/ul><\/li>
- Deeper into price action<\/strong>
- Many Bears sold the high of bar 1<\/li>
- Bears sold there assuming market would reverse as it was also an resistance area (clearly seen to left on chart in green)<\/li>
- Many bears knew they were trapped so they scaled in their position on the inside bar close i.e. bar 2<\/li>
- Following this, the next bar gapped down as the bears started selling the close of the inside bar<\/li>
- Bears who wanted to exit on breakeven on first entry still not able to exit, as market did not go a tick below their breakeven price<\/li><\/ul><\/li>
- Patterns<\/strong>
- Market breakdown below a weak wedge<\/li>
- Wedge overshoot failed and started reversing down again in a bear channel<\/li>
- The reversal down after the Wedge overshoot fail is not so strong, bear bars are too small to convert bull trend to bear trend <\/li>
- Probably the best bears would get is a trading range (may be a big trading range in future is expected)<\/li><\/ul><\/li><\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- General Discussion<\/strong>