USD is making some serious inroads. INR trailing behind unable to maintain the equilibrium.
83.4210 is the current ATH. Today we went up to 83.3010. TVC:DXY at 107.
Continued FII selling will only add fuel to the fire. When the Indian media houses are gung-ho about the decadal that belongs to India & its growth story - the people outside are not that...
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...
Indian rupee looks too weak and is getting ready for another fall against US DOLLAR , another 2-3% depreciation can be seen in Rupee in coming days , confirmation is below level of 0.01207 (above 83rupees)
Analysis on 12th December 2022
>Wave Count - Possibly Beginning of Correction Wave C on bigger cycle.
>Strength - Between the both the tops shown in chart there is a Berish Continuous Divergence.
USDINR possible and aligned Elliott wave structure of multi time frames from monthly to hourly.
4 Hourly chart
1 Hourly chart
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Stock price is consolidating in the specific range we can expect around 50% returns once we complete this consolidation cycle and give a break suggested entry price 1700-1650 target 2800-3200 level in short-long term .
All the levels are marked on the chart
When the price comes to our point of interest (If at all )
--> One can short 41400 PE with (40000 CE as hedge to reduce margin)
-->Entry level :41380 spot
-->SL level :41300 spot
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the...
Bitcoin has broken out from a triangle pattern and this might trigger a rally towards 44000$. 44K being a stiff resistance can cause reversal at higher levels. A minor Resistance is also seen at 42500$ which could also act as a trend reversal point.
Breakout might retest in the trendline which could be a potential safe entry. Price needs to sustain above the...
Interesting Price Action and charts pattern are being observed in USD/INR currency pairs.
1. The Cup and Handle Formation.
Cup formation can continue or Handle pattern can be formed and price can shoot up. As global situations are pacifying. We believe, rupee
should get bit stronger.
2. All time high Resistance
CARDANO PREDICTATION 2022 BINANCE:ADAUSDT
Cardano may hit the 500 mark very soon... As we can see the downtrend of cardano in the month of November, making the secont tringle it is mot likely to hit the mark of 500 till the end or start of 2022, a third tringle may rise in december hitting the top price till date.....