big dhulai candidate KOTAK BANKStrategy – Ichimoku Cloud Setup (Daily Timeframe)
🔍Current Setup
Price is below the cloud, indicating bearish bias.
Cloud ahead is red and thick, suggesting strong resistance and no immediate trend reversal.
Tenkan-sen is below Kijun-sen, confirming weak short-term momentum.
No bullish crossover or breakout candle yet.
📌 Action Plan
Avoid fresh long positions until price closes above the cloud and Tenkan crosses above Kijun.
Watch for rejection near cloud base or resistance zones for potential short setups.
Use RSI and volume confirmation before acting on any breakout or reversal.
✅ Verdict: Bearish – Avoid for Now
Trend is weak and below resistance cloud.
No bullish confirmation yet.
Wait for breakout above cloud with volume and RSI > 55 before considering a buy.
