A "long legged Doji" is a fancy name and shows indecision in the market. Since it formed after a strong bullish candle, the dollar might grow weaker against the rupee in a short term as RSI is over bought or stay range bound. This is a speculation because market may take move in any direction. Most analysts would want to watch the next few candles to check the...
PERCEPTION INR TO GET INTO STRONGER REGIME
USD INR has good support at 73-72.63.
The level of 73 it has held well since September 20.
Resistance is at 73.30.
The chart is is making lower tops since November 20.
Overall the major peak for USD INR has been in
March 20 when equities world over crashed.
The peak in March 20 was formed at...
IRCTC is a fundamentally very strong stock with a monopoly in the world's biggest railways!
The stock has been consolidating in the range since a VERY long time!
The stock has rallied before the global lockdown - true price discovery still not achieved!