RSI is almost at 20 with CMP below S1 and close to S2 Perfect opportunity to go Long! *Disclaimer* I'm not a certified advisor. This is just for Educational Purposes Only. Please do your own due diligence before Investing! *Jan Hit Main Jaari *
Seeing a break in a downtrend and recent GDP predictions of -7.3% and economic devastation can see the rupee weakening further. A leading banker asked for more printing of money to help the economy. Petrol is already touched 100 rupees in many cities. Candlestick pattern : Bullish Harami at the previous well-established support region followed by a large candle.
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...
Hi everyone! Now USD/INR pair reached the trend line on the week chart. Technical indicators indicate the need of a turn. I consider that in the nearest future we will be able to observe strengthening of dollar. Purchase has the low level of risk since SL can be placed below the trend line at once (everyone chooses itself). Bought on 72.79 TP1 = 73.59 TP2 =...
L O N G T E R M S I P T R A D E DATE: 20 MAY 2021 INSTRUMENT: USDINR TREND: SELL TIME FRAME: DAY CMP: 73.160 SELL BELOW: 73.118 STOP LOSS: 73.30 TGT 01: 73 TGT 02: 72.84 TGT 03: 72.70 TGT 04: 72.323 TGT 05: 72.70 DISCLAIMER: We are not S E B I registered analysts. Please consult your personal financial advisor before investing. We are not responsible...
The current structure of USDINR is still weak and is probably moving towards 72.65 levels. The current chart shows two technical possibilities that suggest goos support zone in the 72-73 range. At First, there is trendline support, that the prices broke in April 2021, and the same trendline would now act as a support. Secondly, there is also a harmonic pattern...
Hi everyone! USD/INR pair moves to the lower line of an upside channel. However, I consider that shortly there will be a movement up to the level of the last top. Now it is necessary to watch closely overcoming the red line noted on the chart. Careful traders should wait for this confirmation of the idea. Bought on 74.01 TP = 75.56 SL = 73.16 Information...
07 MAY 2021 INSTRUMENT: USDINR TREND: SELL TIME FRAME: DAY CMP: 73.54 SELL BELOW: 73.424 STOP LOSS: 73.752 TGT 01: 73.298 TGT 02: 73.196 TGT 03: 73.058 DISCLAIMER: We are not S E B I registered analyst. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.
An ascending triangle formation on a 1h-4h time frame and can be used to either breakdown or breakdown from the trendline. Disclaimer: used for educational purposes only FX_IDC:USDINR
DATE: 29.4.21 Very high-risk trade INSTRUMENT: USDINR 75.00 CE 07 MAY 21. CMP.0525 BUY ABOVE: .0635 SL:.0400 TGT 01: .0705 TGT 02: .0878 TGT 03: .1050 RISK DISCLAIMER: We are not SEBI registered analysts. Please consult your personal financial advisor before investing. We are not responsible for your profits/losses whatsoever.