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.
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
It is sometime hard to interpret a chart pattern because of the complexity.I am 23 years old might be having only few years of experience in the field of research but i have been studying technical analysis since i was 18.Today i am going to share some basic knowledge that i have learned in level-1 of Chartered Market Technician(CMT). ''Now some traders or analyst...