sanchit005
Long

USDIN Bulls are ready to take over

FX_IDC:USDINR   U.S. Dollar / Indian Rupee
USDINR is riding slowing on a bull trend with an strong support at ₹69.13, 69.001 and 68.47
Whenever it touches any of the support don't panic and wait for it to give a closing price of the day. If it below then it is still in bear trend.
Otherwise, taking the (SL) of ₹69.06 with the target of 69.70 and 70.20 in coming days.

Trade active: Target 1 has been achieved.. Now furthermore consolidation can be seen. Though if it breaks the levels of 69.25 then expect it to fall further..
2014 same dates before elections , dollar made a low on election result day and then moved up..same trend likely this time too..
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sanchit005 mklives
@mklives, sometimes history doesn't repeat.. And might possible it comes but these are for 3-4 days targets. And if SL hits then there is a downtrend which I have already disclosed.
+1 Reply
as per me , we should still wait , it may be a better buy @ 66
Reply
sanchit005 MAYA_MUMBAI
@MAYA_MUMBAI, that's a Long-term View..
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