Note: This is for educational purpose only. Please do not trade in F&O based on this analysis. There seems to be a bearish reversal from supply zone. Low of current candle is lower than that of previous candle. SL: ₹ 74.70
Closed above Monthly Bearish Level.... We can see 73.8899 soon that's the monthly Bullish level... Only above monthly bullish level...74.09-74.05 level soon.... Like... Share.. Follow...
USDINR in a downtrend channel still as published previously. Now it is also showing Head and Shoulder pattern if breaks the neckline will give good targets similar to the length from top of head to neckline. If it fails to break down, then sideways view continued till it breaks upside. Will look for price action tomorrow and take position of bear call spread if...
USDINR finally printed an Evening Star kind of pattern, taking resistance of a downtrend channel. Not in any trade this week as I was not very clear with my view. Now, will take the trade tomorrow, based on price action, will try to execute bear call spread and will try to sell on a bounce if I get one.
Monthly chart for USD/INR formed ascending triangle and looks ready for a potential down move. Things to consider: 1. Ascending Traingle formation 2. Monthly Resistance 3. Macd & RSI indicating down move 4. Half M formation (could complete to make full M) How to enter: 1. Review the market conditions as i presented 2. Locate the monthly resistance 3. Take entry...
USDINR is stucked between 50 & 200 EMA Hence, the strategy applied is Short Iron Condor Sold ATM CE & PE Bought OTM CE & PE to cover Sold Options / Hedge Break Even Points Downside BEP 74.11 Upside BEP 74.64 Max Profit expected : 12%
USDINR in Channel Taking Support and Resistances in the channel drawn. Looks downtrend in near future. Happy Trading !!!
Scenario 1 : Continues the Head n Shoulder breakdown (can you spot Head and Shoulder?) to achieve T1 of Head and Shoulder breakdown target & 200 EMA Support. If breaks further, then T2 can be achieved which is a support of 2 hammers printed previously. Scenario 2 : If it does not break and open flat or gapup, it may consolidate here before breaking down....
USDINR formed a bearish divergence Carrying a bear call spread for this week's expiry Sold 75 CE and Hedged 72.25 CE, buying it.
USD/INR FX_IDC:USDINR CMP - 72.904 Stop - 72.100 on DCB Expectation - T1 - 74.500 T2 - 75.770, Review at 74.500 Expected Holding Period - 40 trading days or earlier for T1 View:- Swing Disclaimer:- Ideas being shared only for educational purpose Please do your own research or consult your financial advisor before investing
Price squeezing and may break either side... Bias is Bullish though will act on break out / break down...
USDINR broke out and retested the 72.64 level Also, the retest is fantastic with a big rejection hammer candle (bullish sign) Buy the Dip is the view.... Making flag n pole continuation patterns
TREND ANALYSIS & TRADE SETUP ! WAVE ANALYSIS !! Follow Chart Instruction. Do not be Hurry for entry. Wait for Proper Entry Setup. Buy/Sell with Best Risk Reward. Educational Chart Only. Wait for ENTRY CONFIRMATION !
Buying and Selling zones are noted. #Forex #forexsignals #mcx #nifty
Till 72 support is not broken it is in uptrend, has good potential for a good up rally touchin 80-85 levels
for future analysis for multi asset review and understand where equity stands