And touched the 50day EMA on the higher side.
The past 4 days candles systematically evolve from
small body with longer wicks either side, to long black, to long white to
very wide black candle with longer bottomside wick, showing lesser tendency to fall, resisting the fall.
The longterm KS and TS may find support at cloud top.
The longterm remains neutral, deciding the direction.
The shortterm is bearish with the KS crossing below kumo, downward cloud opening up,
EMAs attempting bear crosovers.
For now the Blue Channel forms the boundaries for sensex, breaking it a direction may be established.
Each day would see this big candles forming volatility.
But the continuous big candles are also calling for a condensed smaller range day.
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