USDINR going to face so strong resistance in upcoming days. Test this level more than 5 times. But it was unsuccessful. All time high for 2020 to 2022 was 77.00. This also strong resistance becoz initative sellers entered due to price is above its fair value. As fer this 76 to 77 range was not fair price and not accepted by sellers past 2 years. This USDINR longs will effect our market as far news rbi had already dive into action to control this steady USDINR depreciation.
ALL THE INFO ARE BASED ON VIEW. 🚫NOT RECOMMENDED. JUST ANALYSE AND LEARN. HAPPY WEEKEND🎈🎇✨.
ALL THE INFO ARE BASED ON VIEW. 🚫NOT RECOMMENDED. JUST ANALYSE AND LEARN. HAPPY WEEKEND🎈🎇✨.
Comment:
USDINR crossed its strong resistance zone by gap up opening shows strong presence of buyers. upcoming days if USDINR gap up and reaches above 77.10 and this high persist for two more days. Just longs on with respect to market conditions. USDINR goes like this it will surely touch 80.
Comment:
Value Area over lapping USDINR in balance we must a today end to confirm
Comment:
From 77.20 price is not accepted as far price. Volumes dry up and buyer give up. Sellers entered the market and started drive the price to 76.25 with trend line support due to some responsive buyer present in that level close for that day is around 76.35. On 10.03.2022 market opened gap down below trend line and buyers started buying till end of day and crossed trend line with a breakout and tried to cross strong resistance zone but failed to do so. On 11.03.2022 open from previous day close and trying to cross this strong resistance zone 76.40 to 76.60. Let us wait till evening to make clear side view. My opinion is strong news based action is need to break this resistance zone. Hope Peace.
Comment:
11.03.2022 06.07 PM its gravestone doji. Buyer attempt to break resistance is nullified by sellers. So let us see short opportunity. Let us see Monday after analyzing market conditions. So far news arrived Putin giving some positive news.
Comment:
16.03.2022 EOD seller are in control USDINR. 4 days tried to give breakout in strong resistance zone nothing works due to sellers dominance due to USDINR value is not fair and it is not accept in locally. So far my view is 15.03.2022 market tried to auction above 76.60 but sellers drove price to 76.28. On 16.03.2022 market tried to auction above 76.44 failed to auction above. So far strong resistance zone was 76.40 to 76.60. News based reactions are still present in USDINR. Close monitoring is need to ensure spot picking.
