{"id":225290,"date":"2024-12-14T07:00:00","date_gmt":"2024-12-14T15:00:00","guid":{"rendered":"https:\/\/www.brookstradingcourse.com\/?p=225290"},"modified":"2024-12-13T06:20:59","modified_gmt":"2024-12-13T14:20:59","slug":"nifty-50-inside-bar-on-weekly","status":"publish","type":"post","link":"https:\/\/www.brookstradingcourse.com\/pt-br\/analysis\/nifty-50-inside-bar-on-weekly\/","title":{"rendered":"Nifty 50 Inside Bar"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\">Market Overview: Nifty 50 Futures<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.investing.com\/indices\/india-50-futures\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Nifty 50<\/strong><\/a> 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 is near the middle of this channel. The number of bars with tails is increasing, indicating a high probability that the market will soon enter a trading range. On the daily chart, Nifty 50 formed a strong bullish bar on Friday. However, the bulls have not yet been able to achieve strong follow-through after the bullish breakout from the head and shoulders pattern.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Nifty 50 futures<\/h2>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Weekly<\/em> Nifty 50 chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar.png\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-680x383.png\" alt=\"Nifty 50 Inside Bar\" class=\"wp-image-225309\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar-2048x1152.png 2048w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-group\"><div class=\"wp-block-group__inner-container is-layout-flow wp-block-group-is-layout-flow\">\n<ul class=\"wp-block-list\">\n<li><strong>General Discussion<\/strong>\n<ul class=\"wp-block-list\">\n<li>Traders who are holding a long position should continue holding, as the bulls have managed to generate a strong pullback. This increases the likelihood of a trading range forming rather than a reversal.<\/li>\n\n\n\n<li>Traders holding a short position should consider exiting if the market approaches the swing low again. Experienced traders may scale into their short positions and then exit at the 50% pullback level.<\/li>\n\n\n\n<li>Traders who are not yet in a position should wait for the market to reach the top of the bull channel to take a short position or wait for the market to reach the bottom of the channel to enter a long position.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Deeper into Price Action<\/strong>\n<ul class=\"wp-block-list\">\n<li>The market has formed a V-shaped move: a strong bullish leg followed by a sharp decline, and then another recent V-shaped move. V-shaped moves are a typical characteristic of a trading range, so traders can expect a trading range to develop on the weekly chart.<\/li>\n\n\n\n<li>Despite a very strong bear reversal attempt, the bulls have not been able to achieve strong consecutive bullish bars. This further reduces the likelihood of a reversal occurring.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Patterns<\/strong>\n<ul class=\"wp-block-list\">\n<li>The market is currently trading in a strong bull channel. The probability of a successful bullish breakout from a bull channel is only 25%.<\/li>\n\n\n\n<li>If the market breaks out to the upside from the bull channel but then starts trading back inside the channel, there is a very high probability that the market will eventually touch the bottom trendline of the bull channel.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\">The <em>Daily<\/em> Nifty 50 chart<\/h3>\n\n\n\n<figure class=\"wp-block-image size-large\"><a href=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom.png\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"680\" height=\"383\" src=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-680x383.png\" alt=\"Nifty 50 Micro Double Bottom\" class=\"wp-image-225312\" title=\"\" srcset=\"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-680x383.png 680w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-300x169.png 300w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-768x432.png 768w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-1536x864.png 1536w, https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Micro-Double-Bottom-2048x1152.png 2048w\" sizes=\"auto, (max-width: 680px) 100vw, 680px\" \/><\/a><\/figure>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>General Discussion<\/strong>\n<ul class=\"wp-block-list\">\n<li>Last week, the market experienced a bullish breakout of the head and shoulders pattern but lacked strong follow-through. However, on Friday this week, the market was able to produce a very strong bullish bar.<\/li>\n\n\n\n<li>Traders holding long positions should continue to hold their positions, anticipating the market will reach the measured move target.<\/li>\n\n\n\n<li>Traders who shorted the market, betting on the failure of the head and shoulders breakout, should exit their short positions. The bulls have formed a very strong bullish bar, increasing the chances of the market moving higher.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Deeper into Price Action<\/strong>\n<ul class=\"wp-block-list\">\n<li>Over the last 7-8 bars, the market has been trading within a narrow range, forming a small trading range. This suggests that traders should expect a breakout soon.<\/li>\n\n\n\n<li>In recent bars, the bears have failed to produce a strong bearish close with follow-through, which increases the probability of the bullish breakout being successful.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Patterns<\/strong>\n<ul class=\"wp-block-list\">\n<li>The market has formed a micro double bottom. If the bulls succeed in a breakout, traders can expect the market to move up by an amount roughly equal to the height of the micro double bottom.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n\n\n\n<h3 class=\"wp-block-heading\">Market analysis reports archive<\/h3>\n\n\n\n<p>You can access all weekend reports on the <a rel=\"noreferrer noopener\" class=\"rank-math-link\" href=\"https:\/\/www.brookstradingcourse.com\/blog\/analysis\/\" target=\"_blank\">Market Analysis<\/a> page.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-css-opacity\" \/>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":12159,"featured_media":225309,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"shadow","_genesis_layout":"","footnotes":""},"categories":[136,1851],"tags":[1852],"class_list":{"0":"post-225290","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-analysis","8":"category-nifty-50","9":"tag-nifty-50","10":"entry","11":"override","12":"shadow"},"featured_image_src":"https:\/\/www.brookstradingcourse.com\/wp-content\/uploads\/2024\/12\/Nifty-50-Inside-Bar.png","author_info":{"display_name":"Rishi","author_link":"https:\/\/www.brookstradingcourse.com\/pt-br\/author\/rishi\/"},"_links":{"self":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/225290","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/users\/12159"}],"replies":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/comments?post=225290"}],"version-history":[{"count":0,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/posts\/225290\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media\/225309"}],"wp:attachment":[{"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/media?parent=225290"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/categories?post=225290"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.brookstradingcourse.com\/pt-br\/wp-json\/wp\/v2\/tags?post=225290"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}