Market Overview: Nifty 50 Futures Nifty 50 consecutive Doji bars on the weekly chart imply the possible formation of a small trading range rather than a resumption up in the bull channel. Nifty 50 formed a bear flag on the daily chart and the current market is trading inside a triangle (which implies that there […]
Nifty 50 Triangle Fakeout
Market Overview: Nifty 50 Futures Nifty 50 triangle fakeout on the weekly chart. Last week’s market formed inside bar on the weekly chart which is a triangle pattern on smaller time frame charts. The market is trading near the bottom of the bull channel. Nifty 50 on the daily chart formed a cup & handle […]
Nifty 50 Consecutive Bear Bars
Market Overview: Nifty 50 Futures Three Nifty 50 consecutive bear bars formed on the weekly chart, with all 3 bear bars closing near their lows, but the market is still trading inside the bull channel on the weekly chart. On the daily chart, Nifty 50 has reached the measured move down of the cup and […]
Nifty 50 Futures Bull Channel
Market Overview: Nifty 50 Futures Nifty 50 futures bull channel formed on the weekly chart with also a bear breakout of the inside bar. Nifty 50 is still in a strong bull channel so bears would avoid taking swing shorts and bulls would look to buy pullbacks. Nifty 50 formed cup & handle patterns on […]
Nifty 50 strong bull close
Market Overview: Nifty 50 Futures Nifty 50 strong bull close on futures weekly chart, near wedge bottom line, and possible failed bear breakout of a cup & handle pattern. On the daily chart, Nifty 50 forming possible final flag, so the least bulls can expect is a trading range on both weekly and daily charts. Nifty […]
