USDINR
Nifty - Where Does It Goes Next ?Trading Strategy
Plan A
Buying strictly above 12120-12130 only for 12150-12160 / above 12160 for 12200/12250
Plan B
Selling close to 12250 with strict stops above 12275 for targets 12200 / 12150 / 12100 / 11980
Plan C
Selling close to 12080-12100 – Strict stops above 12130 for 11980 / 11750 / 11650 & lower targets in days to come
Plan D
Selling below 11980 for 11750 / 11650 & lower targets. No selling if Index holds or moves above 12000 level.
USD / INRUSD/INR appears to be within a sideways corrective. Appears like one more dip before it starts another up move. FM could give a short term boost to INR/Banking today in her budget speech
USDINR Trend Analysis & Trade Setup !!TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 10 to 12 times.
Nifty - Did You Catch The Bottom at 12088 ?Super Excited to Start This Idea with Marathi Musical Piece - Ghan Othanbun "Yeti" by Legendary Singer - "Lata Mangeshkar Ji" which compliments by Blue Microphone "Yeti". Thanks for your precious time & I wish all of you a lovely & terrific week ahead.
Trading Strategy
Plan A –
Getting an opportunity close to 12200-12225 – Buy with strict stops below 12200 once it halts & stops in this range for Target – 12315-12340
Plan B –
If stops or halts in 12335 – 12350 zone & starts falling below 12335 – Put stops above 12350 for Targets 12200-12225 / Below 12180 strictly for 12110-12125
Plan C-
Getting an opportunity in 12080 -12100 zone (if 12080 is not broken downside) then look for upside Targets – 12225 / 12350 / 12400
Plan D –
Selling from Channel Tops close to 12375 – 12400 ( Be careful in this strategy) –it is only for extreme risk takers- Downside Target is 12100 - 12120 / 11930 - 11950 / 11800-11830 / Below 11800 – 11500 & 11100
USDINR Idea to Buy above 70.35-70.50 - What a bounce from 70.70 for 71.40's (click the idea)
Nifty Last Video Idea - "Stellium Effect - How I cracked the tops at 12295" (click the idea)
#USDINR - A retracement back to 73.20-73.90 zone Presumably in its Wave C, can head up to 73.20-73.90 zone.
Doubts on New High.
Invalidation below Contracting Triangle's Wave C Low. Red Trendline can be used for Trailing.
USDINR Channel upswingRelatively simple trade. Nothing complicated about it.
I also wanted to draw attention to this asset class which is still not getting much attention.
One can trade CDS futures and options on NSE for very low margin.
e.g. Intraday margin of 700 INR for 1K lot. And about 1400 INR to carry positions overnight.
This is not bad. 1 lot will result in INR 1000 pnl for 1 Rupee movement. Much better to trade legally than through illegal (in India) forex spot markets.
For this trade, target would be around 72.0000
Long opportunity in USD-INR pairIn daily chart of USD-INR pair, price is moving sideways and bouncing off the bollinger band support. If price moves higher tomorrow, a long trade with entry at around 71.0 with a target at 72.0 and stop loss at 70.5 can be initiated.
Approx maximum trade duration: January end
Does Dollar at Support?USDINR after reaching its high level range 72.20 is trying to test -- support range of 71.20-71.40
Any break down in any levels may lead to the further down levels of 70.48.
On the Resistance side, it may test 72.53 & 73 levels in the coming days.
Be Cautious with each trade.
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Market Commentary|Investiture.in
USDINR gaining strength! Will it further perturb stocks?USDINR: The currency pair has pulled back in the past week, the last two sessions were positive and the prices managed to close above all resistance and pivot levels. The RSI is into a bullish zone and bounced from the bullish extreme zones. The MACD is positive and above zero. The pair is expected to move higher in the coming sessions. The pair may move to 72.25 – 72.55 in the coming weeks.
Hovering near a very important support zone. Make or BreakThe stock has witnessed sell off during past few weeks. Currently the stock is at an very important support level – 1670. A move down from this level will not be a good sign for the buyers and the stock may fall down further and test 1560 levels. The RSI is just at the support levels, a pull back here has to be monitored and seen for bullish continuation signals. In short Asian Paints is at a Make or Break level.
AGAIN BTC IS IN MIDDLE OF A CHANNEL. Learn the Idea FirstSTRICTLY FOLLOW AND TRY TO UNDERSTAND THESE TWO LEVELS. THIS IS PURELY FOR STUDY PURPOSE. IF ANY CONFUSION HAPPEN KINDLY MESSAGE ME. FIRST LEARN THE IDEA THE TRADE
Please remember alwys buy fresh levels if movement is already touch the levels then leave. Dont trade on that levels.
Always eat fresh fruits.
USDINR BEARISH BUTTERFLY ?SPOTTED BEARISH BUTTERFLY YOU MAY GO SHORT WITH TARGET 70.966 STOP LOSS BEING 71.559 GOOD LUCK
NOTE: TRADE AT YOUR OWN RISK
USDINR GO LONGONCE UPPER TREND LINE IS BROKEN ON CLOSING BASIS GO LONG WITH TARGET OF 74.309 BE ADVISED IT MAY TAKE RESISTANCE FROM UPPER LINE IF DOJI CANDLE IS MADE NEAR UPPER LINE BE CAUTIOUS IT MAY REVERSE GOOD LUCK
NOTE: FOR EDUCATIONAL PURPOSE ONLY
Something Fishy is going with USDINRStock Market is turning around.
With all the bad news quite for while. But on technical front, after the release of MPC by RBI and considering the USDINR rate at 71.30 for analysis purpose. The rupee has started depreciating to new levels.
After breaking the levels of 71.20 -- USDINR is moving ahead for the immediate Resistance range of 71.60, 72.10 and 72.40 levels with the Support range at
71.25, 70.95 and 70.58
Please be cautious with your trade
Investiture.in
#investituredotin
USDINR LONG IDEAIT IS CLOSED ABOVE TRENDLINE ON CLOSING BASIS AND ONCE TOOK SUPPORT ON IT TARGET IS GIVEN FOR LONG STOP LOSS IS 71.049
