The pair has reached upper trendline and may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below support zone & the upper trendline. The target is placed near swing low.
The great mobility of capital in India has been known for some time. In the endgame however, valuations becoming overstretched, although a mere extra, is one of the principal actors. So we must consider unicorns to be developed as as necessary step in this battlefront and it is no surprises from a timing perspective. So we have the following charts: Nifty...
INR is a healthy looking chart making higher highs and higher lows but it may face some resistance and lookss overbought. I would like to take a buy position if it retraces lower. My Buy Zone is between $0.340 - $0.360, which is also its trendline support. I will watch price action to get long in the zone. Lets see how it progresses. Please note these are my own...
I reviewed the this chart first in Sept 2020. At that time, I was looking at top to form in USD/INR. Since then, the price made wild moves but still on the looks of it, it's not clear if the top is in place. However, the most important trigger that made me think and do a detailed analysis on this is the break of this trend line. You will notice the trend line from...
BTCUSD should be forming a lower low and to hit the lower black line as target. Decent R:R ratio in place
A flawless call in Nifty (Indian Equities) from the highs before Covid to the lows and back up in the opposing direction. We should all have made a killing on India, the pseudo-classical school always considers technical analysis as inferior, however this is not the case. As a main theme, INR buyers now choose to load for 68-66 which is the new base...
L.T.P.: 98.50 S.L.: 98.65 Short term target: 97.7 Mid term target: 97 GBP INR making head and shoulder pattern(1hr chart)
Weekend Market Updates & Analysis 25 Oct 2020 Note: If you would like to receive this the latest updates immediately without 3 days release, please search for my site Palm Analysis. Recap 1) Let’s start the report with a review of last week’s update and market conditions. You can read last week’s report by clicking here: Weekend Market Update – 18 Oct 2020 |...
Weekend Market Update – 18 Oct 2020 | FCPO, Soybean, Soybean Oil, Currencies and Others Take note that the updates here are 2 days late. If you would like the latest updates, please visit palmanalysis dot com Review Let’s start the report with a review of the past 2 weeks. 1) In my last update on the 4th Oct, I expected: On Soybean i. On Point 13 ii, I...
After decades old bull markets. The great indian growth miracle is going to increase demand of currency as biggest company of the world are coming to india.
USD_INR BROKE THE CHANNEL AND IS FORMING A TRIANGLE, SQUEEZED BETWEEN RESISTANCE AND A 2 YEAR SUPPORT LINE. THE PAIR EITHER BREAKS UPWARDS AND CONTINUES TRADING INSIDE WIDER OR NARROWER CHANNEL>>> LONG AFTER CONFIRMED BREAKOUT. OR THE TRIANGLE BREAKS DOWNWARDS>>>SHORT AFTER PULLBACK. ULTIMATE TARGET=SUPPORT 1. LIKE AND SUBSCRIBE FOR MORE!
#NCLIND #NCL #INDUSTRIES NCL Industries Ltd. CMP: 92.15 Target: 100 / 128 SL: 82 If you like my work, kindly LIKE, SHARE & FOLLOW for latest stock recommendations. :)
In this currency pair, it has been observed that the price action firstly built double top on the chart and now breaking the support of 87.5, which may result further weakness in Euro and INR may get stronger. Price action is expected to go down to next support zone at 86 levels with SL88.
Pattern: Channel Up on 1W. Signal: Bearish as the price is reversing after a Higher High on the Channel Up, with the MACD making a bearish cross on significant downside potential. Target: 71.500 (expected Higher Low on a roughly -8.40 decline). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
OANDA:USDINR utilize these levels for your trade reference.