Clear Double Bottom Formation visible on the Chart. Moreover, it is strong support base also, to take the price upto USD / INR at 72.30
gregferns
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@NavinKumarMishra, yes... true about the double formation.
Already touched 71.8
Bullandbeartrading
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Powerful trendlines and FIBS!
gregferns
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@Bullandbeartrading,
Yes... How i see it is that since the breakout is upside, the target (POSSIBLE, but NOT 100% SURE as nothing is sure in the market) will be the height of the triangle (in this case wedge).... I foresee a possible upmove of +/- Rs 5/-... if we get anywhere near about this then that is good...
The fibo levels are helping in seeing SR...