USDINR By KRS ChartsDate: 3rd July 2024
Time: 7:40 PM
Why USDINR?
1. Everyone know INR is getting weaker against USD day by day, and same thing happened here since Oct 2022 but inside Rising Wedge Pattern in Weekly TF.
2. In Bigger view This Rising Wedge Pattern has formed around resistance line off Bigger Flag in Monthly TF. (Red Doted Line)
3. This pattern can either Breakout or Breakdown any side but after considering above both points its likely to Breakdown rather than Breakout till green dotted support line.
Currencies movements are on many Factors so Thats my view on USDINR is Slightly more bearish than Bullish.
But I will appreciate your views on this too, what you guys are thinking?
Indian
ITC | Next Target 480Rs / 500Rs | T.A (Follow For More..)According to me if ITC breaks the Level of 445Rs in the upcoming days and closes the 2 bullish candles above the 445Rs price zone. So, the next 1st Target is 480Rs and
the 2nd Tagart Level is 500Rs.
Why? I'm Telling this!!
> Because BJP is won.
> The financial budget is coming soon. and I am pretty sure
financial minister talking about ITC.
> After the 4 June dump the stock fully recovered in just 2 Day's
So, After knowing this all things there is one think is confirm is ITC have lot's of bulls Volume
For Future UPDATES Follow and Give se Boots
So, I will time to time update you.
JSW Infrastructure Limited - Looks Good!Pattern : Symmetrical Continuation Triangle (Bullish)
The recent price action indicates a breakout from a consolidation phase, signaling a potential extension of the previous uptrend.
A Symmetrical Continuation Triangle (Bullish) is characterized by two trendlines converging as the price forms lower highs and higher lows. During this formation, trading volume tends to decrease as the price fluctuates within a narrowing range, reflecting uncertainty among market participants.
Prior to the triangle reaching its apex, there is a notable breakout above the upper trendline accompanied by a significant increase in trading volume.
This breakout serves as confirmation of the pattern, suggesting a continuation of the preceding uptrend.
Also there is divergence between Price and MACD.
PLEASE NOTE THAT:
This chart analysis is only for reference purpose.
This is not buying or selling recommendations.
I am not SEBI registered.
Please consult your financial advisor before taking any trade
Bullish on Sbi Card Any one who wants to invest in credit card companies can go with sbi card as you see in chart that this share has starts fall from jun 2023 and now almost in ends .
this is trading bet as well as long term for 1 year . . .
this share forms a pattern of falling wedge so accurate
Discalimer:- i am not sebi registered all loss as well as profit both is solely yours . i am not responsbile for any kind of loss or profit solely you are respobile for that .
USDINR Possible Elliott wave counts Hello Friends
Here we had shared possible Elliott wave counts on chart of USDINR, which is clearly showing that on bigger scale we are in 5th wave of some higher degree, in which we had finished wave (1)-(2)-(3) and currently we are in either in wave (4) or in wave 2 of wave (5).
Also both scenarios are discussed in this video post, you can go through this video post which is explained in best possible way for Educational purpose only.
I am not Sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Hope this post is helpful to community
Thanks
RK💕
Possible scenario
Alternate scenario
Disclaimer and Risk Warning.
The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
USDINR multi time frame aligned Elliott wave counts analysisUSDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly.
Monthly chart
Weekly chart
Daily chart
4 Hourly chart
1 Hourly chart
Most investors treat trading as a hobby because they have a full-time job doing something else.
However, If you treat trading like a business, it will pay you like a business.
If you treat like a hobby, hobbies don't pay, they cost you...!
Disclaimer.
I am not sebi registered analyst.
My studies are for educational purpose only.
Please Consult your financial advisor before trading or investing.
I am not responsible for any kinds of your profits and your losses.
Head and Shoulders Pattern niftyBreaking 18250 on nifty dec future will go up to 18000. This target i calculated with the line between trendline of the pattern and head of the pattern. keep sl 18500
trade with care. always use sl. good luck all.
Rising wedge pattern IGLIGL
Key highlights: 💡⚡
📈On 1D Time Frame Stock Showing Breakdown of Rising wedge Pattern .
📈 Strong bearish Candlestick Form on this timeframe.
📈It can give movement up to the Breakdown target of below 378-.
📈Can Go Long in this stock by placing a stop loss above 445+.
📈 breakdown this can give risk:reward upto 1:4+
INDIAN OVERSEAS BANK ---WEEKLY BREAKOUT INDIAN OVERSEAS BANK --WEEKLY CHART --TRENDLINE BREAKOUT
1. Trendline breakout seen on weekly chart above 20 level
2. Double bottom formation seen at 15.50 level from where stock at uptrend following trendline .
3. RSI seen above WMA and above 60 level at bullish zone
4. stock above 50,100,200 SMA
5. one can inituate Long position at breakout level 21-23 TARGET 25-27-30 Short to mid term and stop loss bellow new trendline support at 17
THIS IDEA IS FOR EDUCATIONAL PURPOSE .. trade at own risk ,!!
HAPPY TRADING . !!
NIFTY & BANKNIFTY ANALYSIS FOR {19-10-2022}NSE:NIFTY
NSE:BANKNIFTY
Banknifty analysis chart.
nifty and banknifty both are moving in a rising channel and it is near its channel resistance line
it may face resistance and fall down from current level.
on the bullish side nifty looks more strong than banknifty
All essential levels are marked on the chart
Always use stop-loss to avoid big drawdowns.
Keep learning,
Happy trading.
Thank you,
please like and comment if you like my analysis.