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\/2024\/10\/Nifty-50-Measured-Move-Target-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- The market is currently trading in a strong bull trend, with no clear signs of a reversal. Therefore, traders should avoid shorting the market until there are strong consecutive bear bars.<\/li>\n\n\n\n
- Since the market remains bullish, traders who have not yet entered this trend can place a buy limit order at the low of a bull bar.<\/li>\n\n\n\n
- Traders who are already in a long position should continue holding, as there have been no signs of reversal so far.<\/li>\n\n\n\n
- Consider this idea: “You should exit your long positions only when you’re ready to take a short position.” In other words, exit your long positions only when the market shows a clear attempt at a strong reversal.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- Over the past several months, bears have failed to form a significant bear bar (there has been only one weak bear bar in the last year). This indicates that the market is in an extremely strong bull trend.<\/li>\n\n\n\n
- For bears to reverse this trend, they must form strong consecutive bear bars. A single weak bear bar or a weak pullback will not be enough to reverse this powerful bull trend.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market has reached the measured move target of the wedge overshoot pattern. Profit booking around this level might cause a bear close<\/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\/2024\/10\/Nifty-50-Surprise-Bar-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- The market is currently trading in a bull channel after forming a strong bear surprise bar. This week, the market closed with a very strong bear bar.<\/li>\n\n\n\n
- For the bear trend to reverse the bull trend, bears need to follow through with more strong bars. Traders holding long positions should wait for this follow-through bar. If the next bar is weak, they can continue to hold their longs, but if the bears produce another strong bear bar, it may be time to exit.<\/li>\n\n\n\n
- Traders who have not yet entered this bull trend can buy on a high-1 setup if the next bar turns out to be a bull bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- In the past several weeks, the market has been unable to produce strong consecutive bear bars. If the bears manage to form another bear bar, the chances of entering a trading range will increase.<\/li>\n\n\n\n
- Given that the bull trend is still very strong, the probability of this surprise bar causing a reversal without a second leg up is low. Traders can expect a second leg up before a potential reversal occurs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The market has formed a large, strong bear surprise bar. If the bears fail to follow through with another strong bar and the market reverses, a measured move up based on the height of the surprise bar can be expected.<\/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
- The market is currently trading in a strong bull trend, with no clear signs of a reversal. Therefore, traders should avoid shorting the market until there are strong consecutive bear bars.<\/li>\n\n\n\n
- Since the market remains bullish, traders who have not yet entered this trend can place a buy limit order at the low of a bull bar.<\/li>\n\n\n\n
- Traders who are already in a long position should continue holding, as there have been no signs of reversal so far.<\/li>\n\n\n\n
- Consider this idea: “You should exit your long positions only when you’re ready to take a short position.” In other words, exit your long positions only when the market shows a clear attempt at a strong reversal.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- Over the past several months, bears have failed to form a significant bear bar (there has been only one weak bear bar in the last year). This indicates that the market is in an extremely strong bull trend.<\/li>\n\n\n\n
- For bears to reverse this trend, they must form strong consecutive bear bars. A single weak bear bar or a weak pullback will not be enough to reverse this powerful bull trend.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market has reached the measured move target of the wedge overshoot pattern. Profit booking around this level might cause a bear close<\/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<\/div>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- The market is currently trading in a bull channel after forming a strong bear surprise bar. This week, the market closed with a very strong bear bar.<\/li>\n\n\n\n
- For the bear trend to reverse the bull trend, bears need to follow through with more strong bars. Traders holding long positions should wait for this follow-through bar. If the next bar is weak, they can continue to hold their longs, but if the bears produce another strong bear bar, it may be time to exit.<\/li>\n\n\n\n
- Traders who have not yet entered this bull trend can buy on a high-1 setup if the next bar turns out to be a bull bar.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- In the past several weeks, the market has been unable to produce strong consecutive bear bars. If the bears manage to form another bear bar, the chances of entering a trading range will increase.<\/li>\n\n\n\n
- Given that the bull trend is still very strong, the probability of this surprise bar causing a reversal without a second leg up is low. Traders can expect a second leg up before a potential reversal occurs.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The market has formed a large, strong bear surprise bar. If the bears fail to follow through with another strong bar and the market reverses, a measured move up based on the height of the surprise bar can be expected.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- The market has formed a large, strong bear surprise bar. If the bears fail to follow through with another strong bar and the market reverses, a measured move up based on the height of the surprise bar can be expected.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
- General Discussion<\/strong>\n
- The market has reached the measured move target of the wedge overshoot pattern. Profit booking around this level might cause a bear close<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n