A day that went one way.

Rahul asks for a name

04.01.01 finished on one measurement: where the last bid finished inside the day's range. Near the top, near the bottom, or somewhere in the middle. That number is on every board Lakshmi has ever written.

This chapter does one thing. It gives that number its names. Nothing new is being measured — the names are shorthand, and each one is a region of the same slider.

Today's board is the first region. First bid ₹28, highest ₹34.40, lowest ₹27.60, last bid ₹34. The body — the distance from first bid to last — takes up 88% of everything the day travelled.

What the name is shorthand for

A momentum candle — also called a conviction candle, or simply a long candle — is a day whose range was large for its neighbourhood and whose last bid finished near one end of it.

Both halves matter. A large range on its own is just a noisy day. A close near the extreme on its own can happen inside a tiny range that means very little. Together they record something specific: the price went one way, and it was still there when the bell went.

Notice what that sentence does not contain. It does not say buyers were strong, that sellers gave up, or that tomorrow continues. It is a description of four numbers and nothing else.

A momentum candle records that the day ended where it had travelled to. It records nothing whatever about the next day.

Large compared with what?

04.01.01 established that size means nothing on its own — a ₹1.80 range is enormous in a quiet fortnight and unremarkable in a stormy one. That applies here in full.

So "large range" always means large for this board, lately. The same six-rupee day in a week where every day moved six rupees is not a momentum candle; it is a Tuesday.

This is why no book can give you a rupee figure, and why any source that does has quietly chosen a comparison and not told you what it was.

Where this sits among the other names

A marubozu is this shape taken to its limit: the first bid is the lowest and the last bid is the highest, so there is almost no wick at all. Lakshmi's Diwali board is not one — it has a little shadow at each end. That family is 04.04.04.

And the same wide candle appears again in 04.02.05 under a completely different name, with the same four numbers and the same picture. What changes there is not the candle. It is where in a run of days the candle sits.

That is the chapter's real lesson arriving early: a shape is a question, and it is never the whole answer.

One end of the slider, named. The other interesting region is not an end at all — it is a day that went a long way somewhere and did not stay.