Market Overview: Nifty 50 Futures Nifty 50 wedge top on monthly chart where Nifty 50 produced a series of bull closes, but the bull bar has a small body. Market is getting close to the big round number and the all-time high level, which will act as powerful price resistance. The market is trading inside a tight […]
Nifty 50 Breakout Gap
Market Overview: Nifty 50 Futures Nifty 50 breakout gap on the weekly chart. The market gave a strong bull bar this week, closing near to its high and at the high of the bear channel (i.e., a resistance). If the market breaks out of the channel, there will be an immediate resistance above the current […]
Emini Bulls Measuring Gap and Measured Move up Wanted
Trading Update: Wednesday January 11, 2023 Emini pre-open market analysis Emini daily chart Emini 5-minute chart and what to expect today Emini intraday market update Yesterday’s Emini setups Brad created the SP500 Emini charts. Here are several reasonable stop entry setups from yesterday. I show each buy entry with a green rectangle and each sell […]
Nifty 50 Futures Breakout Gap
Market Overview: Nifty 50 Futures Nifty 50 futures breakout gap on the weekly chart confirmed by forming consecutive bull bars near the top of the developing trading range, which is more likely to get converted to an exhaustion gap. On the daily chart, the market formed a triangle late in the trend, and also there […]
Nifty 50 Futures Expanding Triangle
Market Overview: Nifty 50 Futures Nifty 50 futures expanding triangle on the weekly chart, the market formed a bear bar after 4 weeks. Bulls expect one more leg up before any reversal, but bulls can book some profits as an expanding triangle top. Nifty 50 on daily chart forming minor wedge top which has a […]
Nifty 50 near big round number
Market Overview: Nifty 50 Futures Nifty 50 Near Big Round Number on the weekly chart and also formed a bull bar which continues the bull micro channel, making this move more climatic. Nifty 50 on the daily chart continued up even after reaching the channel measured move up, and thus forming another possible measuring gap (can […]
Nifty 50 measuring gap
Market Overview: Nifty 50 Futures Nifty 50 measuring gap on the weekly chart formed another bull bar (this time a small one) and continued the bull micro channel after breaking above the bear channel (red). Currently, Nifty has achieved measuring gap and measured move target, so one can expect some profit taking at this level, […]
Nifty 50 futures bull flag
Market Overview: Nifty 50 Futures The Nifty 50 gave strong bull close in monthly chart and bulls expect this to be possible trend line of the bull channel. The move down after measured move of measuring gap was very weak to cause bear reversal. Possible Nifty 50 futures bull flag. Nifty 50 in weekly chart still […]