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KRSCharts

USDINR Next possible Movement

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
KRSCharts Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Chart Patterns Technical Indicators Wave Analysis USD USDINR currency chartanalysis nse nseindia INR (Indian Rupee) Forex
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chartpattern indicator waveanalysis usd usdinr currency chartanalysis nse nseindia inr-indian-rupee forex
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).
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