support 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
USD INR chart seems to be ready for a rally. Breakout from the Symmetrical Triangle. Can we see 85 ?
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...
Initial targets of USDINR on breakdown in dollar. High volatility can be expected - pyramiding will be best approach Use Discretion!
No 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 - Ascending Triangle Formation is complete only waiting for the breakout. Which side breakout will happen? 1. Upside 2. Downside
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 shorted here, a good strategy will be playing with put spread.
In 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...
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)
Two 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 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 hovering between the marked suppy demand zones as per present price action.
I 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...
USD 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.
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USDINR weekly time frame there is rsi divergence Uptrend is Over