This is my observation, whenever tenken is inside cloud in daily, SST does not work and it hit SAR on each side.
Like today Banknifty hit TSL, but still not going down.
This is my personal view.
Like today Banknifty hit TSL, but still not going down.
This is my personal view.
But it is a rising cloud for next few sessions and has provided support at cloud bottom. The candle may not touch the cloud bottom for next 3-4 sessions, by which time the cloud would've risen higher. But it's a narrowing cloud, so no clues either way.