RUPEE KE CHAL CHALANAs of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
USDINR
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
USDINR Trend reversalBoth USDINR and DXY have been trending downwards since March and finally USDINR has made a base at 72.7. It has already started showing strength in and is forming an upward channel. It is likely to test the upper end of the channel by end of this expiry.
Target of 74.5 by end of this month. Stop loss daily close below 72.25. It can still go higher if the upper-end of trend linebreaks, will update that later
Its better to play this trend with options by doing a bull call spread
usdinr reverse head n shoulderUSD/INR Target is 73.718 as it got the neck line range of 0.255 points of movement, hence after price broke the resistance it will move unto 73.718 within few days. Its a 15 minutes chart.
N.B. Do Trade Or Invest before consulting your financial advisor.
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USDINR Go Long in the Channel USDINR - is travelling in a channel
buy every dip and sell every rally
#2 P0sitional (sl 72.70) USDINR is set to bounce backAmid the market volatality the usdinr is slightly away from observation but here the setup formed in it is very promissing looks good for buy ,it can take support from this level because it is a strong support on chart
USDINR 6th Jan 2021 for next two days viewUSDINR has made a Inv HnS pattern and broken above it, now making a bullish pole & flag continuation.
If flag Breaks up, rally may continue in the channel pattern making more flag n pole continuation patterns.
inv HnS has broken the previous downtrend channel.
USDINR Inv HnS 4th Jan 2021 trading ideaUSDINR showing a flag with Inverted Head and Shoulder
If Breaks Up or Down, may give us good returns in intraday
Buy USDINR 73.38/- ( JANUARY FUTURES )Buy USDINR 73.38/- Looks super awesome ( JANUARY FUTURES )
SPOT ITS different price , i am talking about January futures , spot its hit support
USDINR - Bullish Reversal from supportNote: This is for educational purpose only.
There seems to be a bullish reversal from demand zone with increasing volumes.
© of DepreciationINR should first appreciate towards 72-71.60 then it should reverse from there for 78-80 levels. Weekly close below 70 will be bearish for USD.
USD INRUSD INR has been respecting Harmonic Trading Patterns at every stage. Will it oblige this time too? If yes then if 73.25 holds 74.50 (falling trend line) could be retested.
