A Monthly close and also the quarterly yearly and even a decade candle coming to end Soon. Any closeing below 91.60 All the above periods could lead to a huge dent on the dollar index. The downside targets could be huge.
[ A Monthly, Quarterly, Yearly and Decades candle formation in sight. Break and Close Below 91.70 will lead to a big dent.
Support 520 560 - 640 - 720 #BharatJaiin
Multi Year Lows & Support Zone around 1990 - 1930
Resistance at 72.20 - Stop 72.40 Supports 71.15- 71.20 Breach of Supports will open for 69.80 - 68.20
Breakout Seen on Weekly Charts. Can ths multiply.?
Expected to find resistance around 790 & have good chance to fall towards 617,
Stock has been on a falling trend-line & close above 68 is expected to trigger a huge upswing on counter. View finds support around 47-48 on Weekly Closing basis.
Stock looks attractive at multi year low and can be accumulated around 54-56 zone for a potential reversal. Stops - Below 52. Resistance above 57.