RUPEE analysisIndian rupee looks too weak and is getting ready for another fall against US DOLLAR , another 2-3% depreciation can be seen in Rupee in coming days , confirmation is below level of 0.01207 (above 83rupees)
USDINR
USDINR Strong setupsupport now for USDINR @ 82.35-82.20 zone
while resistance is now at 83.025-83.075 which if breaks, a sharp upmove could take place
USDINR - bearish bias USDINR has taken nice resistance of the upper trend line. And selling pressure is building up since morning.
Short term trade is to trade till lower line.
To some one who wants to play for longer view may add shorts at each peak done like today. Once it starts trending lower trendline, down rally may start after a retest.
Smart think to do will be add after first breakown below lower trendline retest.
This will test a lot of patience.
User Discretion - any drastic news from Gov may drive prices crazy
USDINR is looking bearishInitial targets of USDINR on breakdown in dollar. High volatility can be expected - pyramiding will be best approach
Use Discretion!
USDINR: Monday - 20/03/23No other trade
Other than 28th March
Straddle/Strangle
Or Iron fly/condor.
Range: 82.25-83.00, pivot at 82.75
Means: IronFly: 82.75 call & put sell, 83.00 call, 82.25 put hedge leg.
Per OI: 83.00 upper, 82.50 lower.
Per lot margin: ~2000
USDINR - Formation of Ascending TriangleUSDINR - Ascending Triangle Formation is complete only waiting for the breakout.
Which side breakout will happen?
1. Upside
2. Downside
USDINR March 2023 Month Expiry Target is 83 From Price Action, data etc its very clear 82.50 is acting as support and 82.75 and 83 as Resistance for rest of march 2023 month......
I think before march expiry 83 will be tested at least once !!!!!!
USDINR can be shortedhereUSDINR can be shorted here, a good strategy will be playing with put spread.
USDINRIn the past times, USDINR is trying to hold its level and now we can see more rise above the levels
Characteristics of Triangle pattern
A pattern that has the following characteristics is more effective.
+ Before breaking out, prices need to touch both resistance and support levels at least twice each for the pattern to take effect.
+ This pattern gives a buy signal (breaking out of the resistance) which is more effective than a sell signal (breaking out of the support).
How to enter a trade is as follows.
When the price breaks out of the resistance, open a UP order. You can open the order as follows:
+ Entry Point: When the candlestick finishes breaking out of the resistance.
+ Stop-Loss: At the level where the price last hit the support before breaking out.
+ Take-Profit: From the entry point, the length is equal to the widest price amplitude generated within the Triangle.
#triangle
USDINR Break out of range
Finally a candle breaking out the angular flag Trend line on the upside which was awaited....
So, not we can get ready to see an aggressive move above this resistance.
T1 : Target 1 - Flag's length
T2 : Target 2 - Pole's length
Strategy to be used can be Bull Call Spread (aggressive way)
& Bull Put Spread (conservative way)
USD INR 2023Two week of the balance zone is disturbed and the balance zone is broken. USDINR unable to onboard new buyers in this zone. Triple top formed and trend reversal confirmed. In the short term it may test 81.60 to 81.80 levels to attract buyers. If it fails to attract, the next key level is 80.80.
USDINR Feb 2023USDINR is in a range since Oct 2022
Likely to break out of this 4 month range to give good targets
Targets analyzed & marked in chart as per flag length considered at higher low and breakout point.
But if the price action shows a Bearish Candle at third top, it is likely to swing down & retrace before breakout.
Range for Feb could be 83.25 - 82.5
USDINR predictive analysis with future directions in DCB.USDINR hovering between the marked suppy demand zones as per present price action.
USD INR : WILL IT BREAK THE RESISTANCES THIS TIMEI am sharing my view on USD INR Movement as of now and predicted the two possible moves on the chart. The chart is moving in a range since 14 Feb 2023 and shrinking all the way to form an ascending triangle. I have tried to wind up its movement as shown in the chart. As USDINR has already tested the resistance level 1, 5 times, and thus the probability of breaking out is high, with support of two Moving Averages below the CMP, and ascending support line. However , it may encounter another rejection at resistance level 2 again , as it has not been tested much.
Please share your views !
USDINR attempting breakoutUSD INR attempting breakout from triangle pattern on 1D timeframe. Enter after bullish confirmation. Buy limited quantity and follow proper risk management as RBI can initiate selling of USD any time.
#NIFTY & BANKNIFTY ANALYSIS AS ON 20/02/2023 |BUCKSTRADERSYour search for today's market highlight ends here.
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Disclaimer: These are not any recommendations for any funds or stocks and are meant only for educational purposes.
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USDINR1st BUY 82.02 (30% of your capital)
2nd BUY 81.73 (30% of your capital)
3rd BUY 81.43 (30% of your capital)
A margin call of 10% must be maintained.
Note: Only buying (long FUT or Monthly CALL) is recommended here; no shorting or bearish trend is recommended; almost all events are happened so strong naturals (above > 82.39); do not buy weekly CALL options and OTM CALL options; only ITM or ATM monthly options are recommended.
USDINRPlease keep in mind that this is only for futures and positional traders.
You can buy USDINR in 3 different buy zones, as mentioned (Buy zone 1, Buy zone 2, Buy zone 3).
There is NO-STOPLOSS; simply purchase as much as you can. Don't panic if it reaches Zone 3; instead, buy as much as possible.
It is important to note that this view is for the next three months and is not recommended for short-term time frames.
Note 1: Do not trade CALL options based on this view because it is a long-term view and you may lose money buying OTM or ITM due to theta decay in the long run.
Note 2 : Because the USDINR is oversold, strong Bullishness is expected to continue, and only buying is recommended (avoid short selling or buying PUT options) at retracement levels.
USDINRPrice Level at 81.13 is most deciding factor!
81.13 is key level for LONG trend,
If breaks the trendline Go for SHORT 80.5 is the target with STOPLOSS 81.15.
Or 81.15 is SUPPORT for LONG term BULLISH trend.
Short-term BEARISH trend,
Lon term BULLISH trend can be expected.
