KRS111

USDINR Next possible Movement

Short
KRS111 Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USDINR

Analysis on 12th December 2022

>Wave Count - Possibly Beginning of Correction Wave C on bigger cycle.
>Strength - Between the both the tops shown in chart there is a Berish Continuous Divergence.


Comment:
Forming Sort of Triangle in Smaller TF than shown in above chart
Watchful!!

Have A Good Day!!
Comment:
Accumulation on top (Downward C type pattern)
Can consolidate till 1st updated Target 81 Rs.

Can breakdown any time
Watchful!

Have A Good Day!!
Comment:
Finally Strong move !!!
Comment:
Berish Continuous Divergences Showing their Strength.

Have a Good Day !!!
Comment:
About to touch T1
81 Rs.
Comment:
If USDINR breaks down and make another low, then it will further fall of 5th wave.
Hold short positions with SL of 81.8843 (Closing bases).