Fundamentals here take the backseat with a sky rocketing PE ratio. Technically, the price is right at the 61.8% retracement base. Bullish Hidden Divergence Spotted. This tells me the stock will take the turn but let us wait and watch. No Targets for such stocks - StopLoss based on risk appetite is Mandatory and #Ridethetrend
Parallel Channel Travel 2 Divergences spotted. Price is at decisive point - Will it rise back inside the Channel? - Will it fall below the Channel? Ans: Most probably , it will rise back inside the Channel to touch the top. Lets see ! ***** Help Me to Help Us. Always keep a stop loss to rescue you out of troubles. I believe in keeping the chart simple with...
2 strong weekly and monthly resistances here, are what make the breakout levels and targets. Keep an eye for a strong breakout this week. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we...
Self Explanatory. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and appreciate it with a Like if you felt it deserves it and Following me...
Fundamentally good stock. Has the potential to reach the targets sooner than later. ***** Help Me to Help Us. I believe in keeping the chart simple with minimal drawings & easy to interpret. Always keep a stop loss to rescue you out of troubles. So kindly express any disagreement & improvements so that we learn & earn together. Please support the effort and...
USD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line) could be retested.
An Inverted Head and Shoulder pattern on the weekly chart. Breakout on Daily Chart. A trend line which would most probably determine all the above targets. Also, a candle stick pattern very similar to the Morning Star has been formed at the right shoulder. Only time will tell if this analysis was time well-spent. ***** Help Me to Help Us. I believe in keeping...
USDINR Gartley pattern showing clear Bullish Reversal from D point, Which creates buying points at Rs.73.3560 with an SL at 73.20. Target - 1: 75.0215 Target-2: 74.6662
Note: This is for educational purpose only. There seems to be a bullish hammer at support with rise in volume. Moreover, there seems to be a bullish RSI divergence.
Usdinr Currently at overbought zone on the daily time frame. price is in a downtrend parallel channel and can continue till 72.20 or it can happen if it crosses recent high 74.50 after giving a small pullback to 73.53. price 73.53 is a crucial level to change the direction of either side but most probably 72.20 can be achieved by the end of December 2020.
Key Zone - 72.50 / 73.00 Holding The Key Zone - Expect Upside - 74.00 / Strictly Above 74.00 for 75.00-75.20 Falling Below 72.50 / 73.00 Downside Key levels - 70.70 / Falling strictly below 70.70 for 68.00-68.30 ------------------------------------------------------------------------------------------------------------------------ Last USDINR Idea -...
Weekly and daily both chart done , looks like it is going to be good time for down for whirlpool Trade active from 2200 and target for 1615 in duration of 35 days
I hope you can now see how USDINR represents an excellent low risk profit entry setup allowing you to trade in the market.Take positions so that the risk/reward is in your favor. Knowing why, where & when a strong reversal signal is being generated will be the only way to capitalize on your technical analysis . Disclaimer: It should not be assumed that the...
A good opportunity for USDINR Short (trend line breakout on downside)
H4 - Bearish trend pattern. Currently, it looks like a correction is happening. Until the strong resistance zone holds, I expect the price to continue lower further.
USDINR has been consolidating since one week and tried to form a base (at the demand zone). In Previous day session it broke its resistance (73.65), and sustained above it. At current level it is looking good for long with good R:R, Minor hurdle at 73.9.
Note: This is for educational purpose only. There seems to be a bearish breakout in USDINR with ultra high volume. However, RSI is below 30 which indicates oversold. Don't aggressively short this pair. There is a possibility of some bounce back before the next down fall.
73.50, 72.14 will reach by October to November end