I'm having bearish sentiment.
1. Usdinr at lifetime high.
2. Rsi strong bearish divergence.
3. price is in a consolidation triangle zone.
Question is, which way? I'm seeing probability is downside as per ordinary theory.
In our last analysis for USDINR, the set target was 74, which was met this week. The minimum target of the pattern has been attained. The pair surpassed its previous highs and retraced back. The USDINR is trending up, a small divergence was created on RSI after which a correction took place on Friday. 73.55 is short term support for the pair, if it manages to...
As observed the USDINR pair has curved out and formed a bottom followed by a drop. The INR has then depreciated against the greenback breaking out from the consolidation phase. However the RBI's intervention can act as a strong resistance for the USDINR from spiking upwards. In the last 2 trading days as the Dow has fallen by ~14%, this has not had a major impact...
Here's a question that stands out in everyone's mind :
Will nifty take support and pullback?
If the answer is "YES", then how much pullback will on nifty?
The Supportline of the channel is already followed the 4 times.
Before the answer this Question we have analyzed deeply GAP theory.
Gaps appear more frequently on daily charts, where every day is an...