AbhishekHSinghCMT
Long

USDINR - Mother Child Candlestick or Bullish Harami Above 64.70

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
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There is a mother child candlestick pattern or bullish harami. Once it starts moving above 64.70 & holds above that likely it could put end to INR             appreciation for sometime & dollar could start moving up against rupee.

We shall look for 65.50-65.70 as the possible target zone- which I will have to come back to see whether that projection will be met. First, we need a move above 64.70 & it should hold above that level.

Fall was too impulsive from 68.35 so Indian Markets jumped like a rocket.

Previous Update- Can Rupee Capsule power Nifty             & BankNifty            
Trade closed manually: 18th April2017

Closing this post at 64.57 Price
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
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India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
thanks abhishek
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AbhishekHSinghCMT dr.abhijeetbhavsar
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Thanks Abhishek.
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@nirav5, Enjoy Good Friday- Long Weekends.
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