USDINR is at the resistance zone, if manage to close below, we can see a potential downside. This is purely a technical view. Any change in sentiments can affect the price adversely. Please do like and subscribe. Any suggestions or advice is humbly welcomed. Disclaimer:I am not a SEBI Registered Analyst, and the views expressed here are solely my...
Instrument shows symmetrical triangle with high probability of bullish move till target area of 85. Would it go down, chances are slim? But who knows what MODI has in his mind :)
If we get a weekly close above 83, it would be a breakout of an ascending triangle pattern. One could expect a rally after a successful breakout. Also important to watch if weekly RSI closes above 60.
Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade...
Daily Show on NIFTY, BANKNIFTY, FINNIFTY and USDINR, where we try and predict the market direction for tomorrow by technical analysis, Open Interest (OI) data analysis, FII DII data analysis and much more. This show gives insights into the market and is especially useful if you are a beginner who has just started options trading and wants to learn how to trade...
as of my TA, it is most likely to break trend support, then the rest is on major support, if it gets supported then I need to post another idea if not then it will get support in the lower red Major support, and it will be most chances it will stay there until or unless, there is any major change in international economics if the change happened at the...
Here is fruit of patience, first Take Profit point(Trend Support) have been touched well, I believe you have booked profit, now you can lower down your SL(stop loss) Point, at 82.68, below our Short level, wait for 81.36, to book big profit!..
#nifty #USDINR A double bottom @ channel Support line forming at Channel support line. Will it break out and go towards channel top?
This is usually a bullish pattern but my senses are telling that this could give a breakout downside. Wait for breakout on trend line downside and play
A pattern has formed on the USDINR chart with a flat resistance top at around 83 and a rising trendline with gradually higher supports. It could be identified as an ascending triangle pattern. A breakout in either direction could increase momentum and open up a range of about 3 rupees. Keep watch.
The USDINR pair is trading within a Triangle pattern with the 1D MA200 (orange trend-line) supporting on its bottom (Higher Lows trend-line). You can scalp inside the pattern for as long as it lasts (RSI also in a Triangle), but when a 1D candle closes outside the Triangle, trade the break-out's direction. Buy and target the 83.2900 Resistance in case of a bullish...
Hi guys, Currently, USDINR is in downtrend as per my analysis the dollar can go further down. So my idea is we can go short in USDINR. Once USDINR reaching at Trendline Resistance. We can hold this position till end of this month or next month to get better results. The etiology why dollar can go further down is; 1. Fed will stop raising interest rates in...
Accuracy and consistency matter to develop trust that I will always try my absolute best to give the best analysis and simplest trade setups that I can. :)
Bank nifty is forming a wedge at supply zone around round number 43k. If wedge breaks down, next week could be down week
Bitcoin after breaching 30k is forming a head and shoulder on hourly time frame. Will H&S complete and go back to 20k? or is it just a consolidation?
USDINR (#USDollar Vs #IndianRupee) Short Signal Entry:81.903 SL:82.146 Target:80.849 RR:1:4 But You can Save Profit and Continue Target:80.206 Means 1:7 RR Please Tell me Your Idea?
FED is preparing the mood of the markets for a "Mild recession" That could turn out to be a deep recession as FED is not yet ready to pivot India-NSE IT index is sharply down compared to other sectors
Bank nifty is out of wedge pattern but faces strong supply ahead Looks like it will reverse and retest the wedge support