Please 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...
USD INR is seen to have completed its 5th wave of a smaller degree of bigger wave 3rd.
It should come lower and this can boost Nifty a bit at the least.
This is based on Elliott Wave Theory.
OANDA:USDINR
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
Hello Guys!
Hope you had enjoyed the festive season...
I enjoyed a lot... with Ganpati Bappa and Gauri Mata's Ashirwaad...
May God shower blessings on all of us...
Sorry ! As I did not post anything for a while...
This week's USDINR view is as follows :
USDINR was sideways for quiet sometime, consolidating in a triangle pattern.
It broke upwards today and I...
USDINR not making higher high or lower low
range 74.40 to 74.75
Made Short Iron Condor.
Sold 74.75 CE & 74.25 PE
Bought 75 CE & 74 PE
Will exit bear call spread if breaks down
or exit bull put spread if breaks up.
After a successful rally Upside, we have analysed that it will rest now.
Range bound movement is expected...
May go for strangle after tomorrow's expiry is closed.
