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\/2025\/02\/Nifty-50-Wedge-Bottom-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders in a short position can continue holding until the market gives a strong bull breakout of the wedge bottom.<\/li>\n\n\n\n
- Traders in a long position should continue holding as the chances of a successful bull breakout are higher than those of a successful bear breakout.<\/li>\n\n\n\n
- Traders looking to enter a position should wait for the market to give a strong bull breakout of the wedge with a follow-through.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- In the last few bars, the market has shown trading range price action, which is common when the market is in breakout mode.<\/li>\n\n\n\n
- The bear reversal attempt is strong enough to reverse the bull trend, as after the first bear leg, the bears got a second strong leg down, indicating a reversal with strong follow-through bars.<\/li>\n\n\n\n
- For a successful reversal, bears now need a strong bear breakout of the wedge bottom with a follow-through.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- The chances of a successful bear breakout of a wedge bottom are typically around 25%, while a successful bull breakout occurs approximately 75% of the time.<\/li>\n\n\n\n
- Bulls attempted a breakout of the outside bar but failed to achieve follow-through.<\/li>\n<\/ul>\n<\/li>\n<\/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\/2025\/02\/Nifty-50-Bear-Channel-680x383.png\" "\\"\\"")
<\/a><\/figure>\n\n\n\n<\/div>\n\n\n\n\n- General Discussion<\/strong>\n
\n- Traders who bought near the bottom of the bull channel can exit, as the market has already reached the high, and the bulls failed to achieve follow-through after the breakout.<\/li>\n\n\n\n
- Bears who shorted on the strong bear bar after the bull breakout of the channel can hold their positions but should maintain a tight stop-loss. This is because the bears are also struggling to achieve strong follow-through bars.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
\n- The previous bull leg was very strong, and strong bull legs are usually followed by a second leg up before a reversal. Traders can expect another upward move before the market reverses back into the channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
\n- When the market is trading in a broad channel, both bears and bulls can profit by selling near the high and buying near the low.<\/li>\n\n\n\n
- If the bulls achieve a successful bull breakout, traders can expect the market to reach the measured move up, calculated based on the height of the bear channel.<\/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
- Traders in a short position can continue holding until the market gives a strong bull breakout of the wedge bottom.<\/li>\n\n\n\n
- Traders in a long position should continue holding as the chances of a successful bull breakout are higher than those of a successful bear breakout.<\/li>\n\n\n\n
- Traders looking to enter a position should wait for the market to give a strong bull breakout of the wedge with a follow-through.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- In the last few bars, the market has shown trading range price action, which is common when the market is in breakout mode.<\/li>\n\n\n\n
- The bear reversal attempt is strong enough to reverse the bull trend, as after the first bear leg, the bears got a second strong leg down, indicating a reversal with strong follow-through bars.<\/li>\n\n\n\n
- For a successful reversal, bears now need a strong bear breakout of the wedge bottom with a follow-through.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- The chances of a successful bear breakout of a wedge bottom are typically around 25%, while a successful bull breakout occurs approximately 75% of the time.<\/li>\n\n\n\n
- Bulls attempted a breakout of the outside bar but failed to achieve follow-through.<\/li>\n<\/ul>\n<\/li>\n<\/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<\/div>\n\n\n\n- \n
- General Discussion<\/strong>\n
- \n
- Traders who bought near the bottom of the bull channel can exit, as the market has already reached the high, and the bulls failed to achieve follow-through after the breakout.<\/li>\n\n\n\n
- Bears who shorted on the strong bear bar after the bull breakout of the channel can hold their positions but should maintain a tight stop-loss. This is because the bears are also struggling to achieve strong follow-through bars.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Deeper into Price Action<\/strong>\n
- \n
- The previous bull leg was very strong, and strong bull legs are usually followed by a second leg up before a reversal. Traders can expect another upward move before the market reverses back into the channel.<\/li>\n<\/ul>\n<\/li>\n\n\n\n
- Patterns<\/strong>\n
- \n
- When the market is trading in a broad channel, both bears and bulls can profit by selling near the high and buying near the low.<\/li>\n\n\n\n
- If the bulls achieve a successful bull breakout, traders can expect the market to reach the measured move up, calculated based on the height of the bear channel.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n
\n\n\n\nMarket analysis reports archive<\/h3>\n\n\n\n
- General Discussion<\/strong>\n