USDINR can reach to 72 in short term as Crude oil and Brent oil peaked the upside rally also INR seems not too strong it will keep manipulated by Oil pricing.
Just let you know USDINR in a critical support zone if it breaks 69.50 Short again for a target of 68.50 within a week. Fundamentals:- Crude oil, Brent Oil supporting, US GDP negative, US Fade Rate Hiked, US Home sale negative. Rupee getting Strength all the way up from JPYINR, GBPINR, EURINR, and last but not least USDINR. All Jhingalala (:
USD/INR long From 72.8000 Target Point 74.3000 Stop Loss 7250 Stay Tuned.......!! Learn Here , Earn EverWhere
Keep watch dont enter now Wait for correct Entry zone
Please correlate with the charts.
OPENING A MID TERM POSITION IN IDFC BANK RSI AND MACD ON WEEKLY MIGHT LEAD TO A SMALL DIP TO BUY ZONE IN BLUE
Strong results and equally good charts. i will be opening an additional position in it.
Will wait for retracement to open a new position with targets above 1400
Bluedart is very close to completion of its downtrend. But for now i will short it with redlines as targets.
Trend line is from 2009 Nifty is looking good for retracement on multiple indicators.
IF ITS ABLE TO HOLD ABOVE THE MARKED ZONE THEN I WILL CONSIDER TO OPEN A POSITION IN THIS TRADE.
Ideal Buy would be in blue zone long term prospective is bullish
USD INR spot 65.44, from last 2 months market was ranging from 64.70-80 to 65.30-32, in between two months it’s try many times to break this 65.30 level. Next resistance @ 65.62 and then 65.80-90. Now support at 65.20-30.
USDINR is all set for a breakout. 65.00 is going to be important support. Buy USDINR above 65.60 T1: 66.30 T2: 67.00 T3: 67.80 T4: 68.50 SL: 64.60
Buy USDINR on OANDA at 64.98 with SL 64.56 and Target of 66.10
USDINR Spot at 64.06, as we can see it’s forming potentially double bottom, as it break 64.20-24, would be follow 64.40-44 the 64.88-92. Exporters are not suggest to hedge as this point. Exporters can hedge 60% at 63.98-64.08. for next one and half month