USDINR
USDINRnote: These targets are for positional traders not for intraday traders.
For BULLISH below are the strong support levels
72.28 Support 1
72.11 Support 2
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For BEARISH (72.28-72.11) will become RESISTANCE levels IF BREAK these levels, and below are the TARGET levels.
71.11 Target 1
70.62 Target 2
#ARROWGREEN CMP 70.65 Target 170++ Invest and forget for a weeks#ARROWGREEN
CMP 70.65
Target 110 // 130 // 170++ More than double.
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NSE: ARROWGREEN
Super Bullish on this stock.
From Rachit Sethia with 💚
USDINR Weekly ChartUSDINR is currently trading at a very important resistance zone.
A weekly closing about 74 levels will be very important.
USD/INRNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
2. Always remember SL is your lifeline, not the big target...
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Keep an eye ladies and gentlemen. Cheers and Happy Trading
USD INR - Shorting opportunityThis is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
USD INR - First public post This is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
USDINR Inv HnS USD INR at a good level
if Head n Shoulder breaks out, then we can get a good long trade.
USDINRIt seems at important support. We may see bounce back from here and that will also boost equity market in india
USDINR#elliottwave #supportandresistance #usdinr #USDINR
based on Elliott wave theory and support and resistance
so here according Elliott wave theory it is making 3rd wave of higher degree.
WHAT IS HAPPENING IN RED CHANNEL ?
IN RED CHANNEL IT IS FORMING 3RD WAVE WHICH CONTAINS LESSER DEGREE WHICH IS MADE UP OF 5 IMPULSIVE WAVES so NEXT IS 5TH WAVE AND IN 5TH WAVE IT WILL FALL NOW.
SHORT IT AT 73.532
TARGET - 72.342
RUPEE KE CHAL CHALANAs of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
USDINR : Expanded Flat CorrectionLower high & lower low , first sign of more bearish outlook for the pir USDINR. One should go short for the target region of at least 68. The key level on upside is 75.
USDINR Strong Bearish indication UASINR 4hr time frame as per Elliott wave showing strong bearish trend.
Buy USDINR. Next Target 73.50All the retails have been shaken out. The accumulation has been done . Now its time to markup the price. These are probable entry, exit and stoploss area.
trend line breakout in usdinrusdinr is now looking good for long as it brok the trend line and taken support at the 72.85 our previous trade was on with sl of 72.70 can check below linked idea
Expecting a Up move in USDINRIt may take a support near 72.6 and bounce towards 73.5.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
USDINRUSDINR is trading under the descending triangle which is a bearish chart pattern and if it breaks the lower purple line, then we may see targets marked with the black lines.
If it falls, it would Impact BankNifty positively and we may see BankNifty trading at higher levels.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
