USDINR trade ideas
USDINR in consolidation before fallThis hourly chart shows that there is breakdown from the ascending trend line consolidation and another breakdown is awaited from the horizontal support. Target of the fall would be 73 where it may find support at 200 period ema. Stop may be kept above 73.45.
Disclaimer: I'm not a SEBI registered advisor. This is not a recommendation to buy or sell. For education purpose only.
USD/INRNote:
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USD INR - Shorting opportunityThis is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
USD INR - First public post This is my first post on USD INR - So going with a smaller timeframe.
CMP - 72.68 (Date 15.03.2021)
Pattern Formation - Falling Channel (Channel Width - 1 Rs)
Days left - 5 working days ( Analysis for 1 week)
Levels expected as per channel angle - 72.80 to 71.60 (Mar 15th to Mar 19th)
Since CMP is very close to the Upper limit and there is a possibility of a 1.1 Rs fall from CMP, sell at CMP for 1 Rs gain with 20p SL (Though median line would act as strong support, I expect the breakdown to happen)
RRR is 1:5 which is too good for anyone to test it.
triangle pattern look for SHORTIn weekly chart
Downward triangle pattern can be seen
look for clear short entry
USDINR Inv HnS USD INR at a good level
if Head n Shoulder breaks out, then we can get a good long trade.
USDINRIt seems at important support. We may see bounce back from here and that will also boost equity market in india
USD INR Bullish ViewUSDINR::
Falling Channel Breakout Done
Looks Strong above 74.1 for 74.5 and 75
SL 73.7
RUPEE KE CHAL CHALANAs of now USD-INR pair is moving in descending triangle pattern. which normally breaks in downward side.
USDINR- Back to Pavilion - 72.50-73.002nd Target missed by few pips as per last update. High was @ 74.91 & back to 72.50-73.00 zone
USDINR is resting in the most important zone 72.50-73.00 - which is above triangular correction of early 2020 when stocks was about to crack due to fears of covid19.
This zone of 72.50-73.00 is very important- if acts as support & dollar rupee starts moving above 73 mark then it can move to 74.90 / 76.35 +
Note- View not valid below 72.40
Let the markets make first move.
Indian ₹ will strengthen by end of this financial year.Current market price @ 72.81
Down side target @ 68.81
Let's see what happen
Buy USDINR. Next Target 73.50All the retails have been shaken out. The accumulation has been done . Now its time to markup the price. These are probable entry, exit and stoploss area.
