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.
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...
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.
74.66, 75.22, 75.47 three higher lows breaking out from long consolidation pushing price extremely higher highs.
1. Nifty fall and gain
2. consolidation break out and pullback
3. bullish divergence on oscillators
4. Bullish structure.
Long some USD / INR
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....
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THIS stock is showing oversold level in 15 minutes chart RSI.... therefore it will make an reversal for hort term...... enter near 8895 level target 9050/9070
stop loss 8830...... thankyou for the love and support
disclaimer :- this is just my view as per the analysis do trade at your own risk....
please shower your LOVE and support in form of...