SantoshIyengar

03:27

SantoshIyengar

1. Indicators in the Monthly chart. a. Price Action - 3 Bearish candles for Dec, Jan, Feb. (Possible 3 crow) b. MACD - Cross under on the way. (14 points away) 2. Indicators in Weekly Chart a. Price Action - 41729 is now a resistance. b. Stochastic - Cross under near. c. RSI - 48.56 (already low in...

03:00

SantoshIyengar

Hello All, We have an echo being created. The echo patterns are usually all over but are not exact match. Here is just an idea about what my thoughts are, sharing with you for educational purpioses only. I am not responsible for any Profit or loss that you incur. Regards Santosh

02:57

SantoshIyengar

Banknifty has been trading in this orthodox channel with a midline ssince 2013. Few places it breacheed this channel are COVID news, Ukraine WAR etc. As of Recent times Since Oct 18, 2022 BankNfty has been Ignoring news around Economic slowdown, etc. Its important for the investors keep the money safe, hence Bank Nifty has to fall back to trading in these...

SantoshIyengar

It will be a writers day. A range bound market expected for 22 Feb 2023. Depending on the breakout the Range will be chosen. 1. Market should open a gap up above 40782 and make a green candle with high of 40855. 2. A breakdown or a breakout from there will chose the range play. Already trading in the upper half of the Orthodox channel and may not breakout on...

SantoshIyengar Updated 

Bank Nifty has been doing highs Ignoring major news around Inflation, Reporate, Possible Adani Scam etc. Hence, If Bank Nifty need to resume to normal trading spans, then it will need to undergo a major correction and align to the orthodox channel. If Correction follows, here is the setup.