1. 1-Day Chart (Daily Candles) Overview: The 1-day chart shows a recent downward trend in the NIFTY, with the index closing at 22,547.55, down 0.3% on the day. The candlesticks indicate a mix of bullish (green) and bearish (red) days, but the overall momentum appears bearish in the short term. Candlestick Patterns: There’s a noticeable sequence of red...
1. Cloud (Kumo) Structure Senkou Span A (Leading Span A): 23,238.18 Senkou Span B (Leading Span B): 23,759.88 Cloud Sentiment: Bearish (Span A < Span B). The cloud is "red," indicating resistance in the future (26-period projection). A thicker cloud (wider gap between Span A/B) strengthens bearish momentum. 2. Conversion Line vs. Base Line Tenkan-sen...