Bearish usdinr is more to fall bellow 74.50 and 74. as the Indian market is bullish currently usdinr will appreciate more simple logic.
Recently usdinr faced huge volatility but the direction is as usual Unpredictable. This is an range marked price action and nothing special.
74.66, 75.22, 75.47 three higher lows breaking out from long consolidation pushing price extremely higher highs. Reasons: 1. Nifty fall and gain 2. consolidation break out and pullback 3. bullish divergence on oscillators 4. Bullish structure.
PRZ - 75.310/75.320 SL 75.295 Target 1 75.365 Target 2 75.395
Long some USD / INR Basis:- 1. Monthly and weekly RSI above 60 2. Unbroken uptrend indicated by trend line and 5SMA crossing 20 SMA from bottom 3. Hammer like candle formations indicated by arrows 4. Good volumes indicated by arrows 5. Fibonacci retracement level of 61.8% and 78.6% crossed Target indicated by Horizontal line around 77 INR Stoploss as per...
THE stock is highly over sold as per the 15 minute chart RSI..... there is dodgy candle is forming in the chart therefire it can make the reversal in ternd.....target 847/853 stop loss 828..... Disclaimer:-it is just my view please do trade at your own risk and analysis.... please shower your LOVE by way of like and follow and also share your view in the...
A small slow pullback to 75 and then drop below today's low to 74.50 noted. Reasons: 1. Rsi divergence 2. Price closing lower low 3. Price following a downward slope parallel channel 4. There's a 50 and 618% retracement at 75.00 Check Jpyinr idea here link down below
USDINR in a range b/w 75.40 - 77.26 ..In last trading session INR shown strength and touch 76.38 level .Now once bear start moving below 76.35 can push towards 75.95. 21th April is major trend change date. Weekly Trend Change: 76.67 Weekly Resistance:76.95,77.25,77.51 Weekly Support:76.25,75.95,75.55 Levels Mentioned are for April Contract of USD INR
USDINR where it's heading next? Put your opinion we will discuss if possible.
Finally, That long consolidation pattern broke out and the price seems to respecting 75.84 level which crucial to maintain further up move. if it happens taking support at 75.84 then 77 and 78 on the way. Reasons: 1. Price broke out the long consolidation pattern Triangle, pennant . 2. Keeping in that RSI still deviating but price structure is still bullish . 3....
I'm having bearish sentiment. Reasons. 1. Usdinr at lifetime high. 2. Rsi strong bearish divergence. 3. price is in a consolidation triangle zone. Question is, which way? I'm seeing probability is downside as per ordinary theory.
Look to add USDINR spot upto 71.90 for a move towards 73.40 and 75 Coronavirus and Slow growth can hurt flows in India which is a current account deficit country
TREND ANALYSIS & TRADE SETUP Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX. Wait for entry setup, if available then Long/short. R:R is 10 to 12 times.
ONCE UPPER TREND LINE IS BROKEN ON CLOSING BASIS GO LONG WITH TARGET OF 74.309 BE ADVISED IT MAY TAKE RESISTANCE FROM UPPER LINE IF DOJI CANDLE IS MADE NEAR UPPER LINE BE CAUTIOUS IT MAY REVERSE GOOD LUCK NOTE: FOR EDUCATIONAL PURPOSE ONLY