The daily chart shows that the trends continue to be in favour of the INR as the prices have been unable to move beyond the median line of the Pitchfork . Despite the strong strengthening of the Dollar the INR seems to be holding to its gains. Will it translate into some benefit for the Indian equity markets is something that will transpire tin the coming weeks.
@HariRamKumar, Your double bottom target has been achieved in USDINR. Flag formations identified by you is incorrect. There is no short term bullish flag. Its either a flag or None..Ina flag there cannot be so many days of candle formation.