USD/INR Long Opportunity From 72.8000 USD/INR long From 72.8000
Target Point 74.3000
Stop Loss 7250
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Rupee
Rupee to get even weakerUSDINR went in a trading range at 73 and stayed there for sometime.
Now it seems to have broken out strongly above the 73 level.
Buy USDINR at 73.15 Stoploss 72.6 Target 73.7
Dollar is heading towards 74-75 against RupeesDollar heading 1.618% which is 74.83 or 75 against rupees
levels for usd /inr usd inr seems overbought in the current s cenario and thus i expect or see a fall in the counter to the levels of a rupee or more fall in coming days
USD/INR Inv H&S target achieved, Short on High Vol.Inv H&S target achieved from 68.5 to 69.65
RBI intervention likely now as they may want to make the fall gradual.
Pair has breached +3 SD.
Short for target around 69.3
USDINR buy setupBuy USDINR above 63.870. Aggressive traders can buy at CMP (63.725)
T1: 64.125
T2: 64.670
T3: 65.000
SL: 63.640
USDINR short setupShort USDINR between 65.245 and 65.470
T1: 64.800
T2: 64.035
T3: 63.535
T4: 63.250
SL: 66.122
USDINR - Weekly ViewTwo corrective patterns forming, Elliot ABC wave and Evening Star..
A weekly close below 67.94 would pull USDINR towards 67.50 and If Elliot wave comes into play rupee could possibly see 66.80 levels.
USDINR- Amazing 67.15- U Turn from 67.15-67.41Last Traded Price was 67.85- As per previous update, look for the zone 67.15-67.41 as key zone & 67.15 as critical level where Dollar rupee likely to bounce as that zone troubled for a good number of months acting as resistance zone & most likely to form support so they have changed their role from resistance to support- that is called polarity reversal.
Related analysis attached below for USDINR- How it turned from 67.15-67.41 zone- click the links below to get the charts & load the bars-to see how it moved
