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USDINR #US #USD #UnitedStates #Indian #Rupee 60 minute #shortA bat pattern seem to be maturing on the last part of it's journey, from leg C to leg D.
Sell from 75.948 (approx) for a R/R of 2.08% on T.P 1.
Sell again from 75.948 (approx) for a R/R of 3.31% on T.P 2.
Thanks & good luck in all your trading.
Mahanagar Gas toward 880After the initiative selling away from the big uptrend, value price makes a small shifting value. At this point, you need to start looking for the new control of price. I want you to go through the following thinking process when looking at this chart. Value is moving up, the control price is pointing up so we are in an uptrend for the moment. The trading activity is taking place on both sides of the control, we cannot see a clear difference in the volume of activity on the two sides of the value area. This indicates that the uptrend is not very strong. It is probably just a short move upwards, correction of price in a bigger downtrend on a higher timeframe.
Short Mahanagar Gas Target toward 907-880,
Stop: 944
Thanks
How far will the #USDINR go?Being an NRI, you always keep an eye on this one single currency rate → OANDA:USDINR
Based on an interest rate parity level, the Indian Rupee should be around 80-84 range. Still a long way to go...
Dmart Long , looks beautiful and bullish and strong uptrend Dmart seems in demand and price action is respecting well to SR levels
seems pretty bullish
TataMoters on weekly time Frame work
Security/Script: TataMotors .Equity (NSE India)
Pattern Formation: Inverted Head and Shoulder
Time Frame: Analysis on Weekly time frame
Range of estimation: 240
Pattern confirmation: Neckline breakout
Entry Level: Neckline
Strategy: BUY on dips Near neckline level
Risk: Right shoulder of pattern 160 (-20 Points)
Rewards: 220 (+35 Points)
usd/inr down trand my idea once check after trade now inr 50% down side move.because major (res) brokan and re test coming after market move up side
RSI Divergence on 4H BHELThere is an bearish divergence on BHEL even though there were large gap ups. The stock is expected to consolidate
USDINR Daily Chart: An ending diagonal coming home?USDINR seems to have completed a 5 wave move as per ending diagonal pattern shown as 1-2-3-4-5, and also an impulse wave of higher degree shown as (1)-(2)-(3)-(4)-(5). Can expect a fall to 70.41 by 30/08 - 04/09
A move above 72.30 invalidates the pattern.
Wave count in Nifty too supports short term weakness.
(Risky) Long trade on MRFMRF seems to have completed its correction and there is an opportunity to go long. The entry, SL and target (can be higher) are shown.
(This is a risky trade as MRF might make a new low before starting the up move. So if the loss is acceptable, then one can try this).
Ready for long ride on nifty We are Buying Nifty on Dip around 10780--10800 .!!
and takee short around 10960--980 Stop must above 11025
once close above 11025 then just take fresh long for big big big target
target around 11200---11555---11777
and above 11777 we will take 12000--12300--12500 Level
This all Target will achive in next 3 month only...
and always stay long on nifty....every dip
right now hard code support is 10650 level..!! and for big player
nothing to worry about 100-200 point stop...we are here to take 2000 point on nifty...
keep watching ...keep following keep sharing
follow me make money
Nayan patel
USDINR testing 3 month long supportHi trading view members.
Thanks for interactions on my last post.
USDINR is testing 3 month long support. Looking at elections and political situation, I predict that #USDINR will oscillate in the 69 to 69.6 range.
Rebound trend expected around early End march to April.
USD/INR: Buy & Sell Full Trade Setup !!BUY & SELL Above Given Chart or
You Can Also set Own Risk reward.
Let see what Will be Next Move.
Warning- I m Not a Financial Advisor this idea Only For Educational Purpose Only.
Thank You !!
NIFTY Deep correction overdue Sell at rallies Bear Flag on weekly chart .
Wave c still pending of this downward move started last year.
INDIAN RUPEE VS U.A.E DIRHAMS ForecastGuys, INR/AED pair is poised to go higher till .0532 during January 2019 , from there there are two possibilities described below -
A) It may reverse from that point considering its testing all time low support line (Black line) which now will act as a strong resistance line, and hence price will go low to the new lows around .470 mark.
B) If, the price pierces back this strong resistance and enters into historical ranges, it may go up till .550 during MAY-JUNE 2018 which can act as a strong resistance to upside, because there is a strong downward trend-line(Blue-trendline) coming into play and hence it may go lower to create new all time lows around.470 during DEC 2019.
Route A and Route B are moreover evident from Fibonacci retracement from DEC 2013 level and FEB 2013 highs as well. So Fib levels are also in direction of the Route A and Route B predictions.
Final Analysis : Go long on this pair now - Buy and hold till .0532 and look for selling opportunities from (.532 to.550) ZONE and sell it to the (0.432)ZONE
Good luck, Thanks.
MELVIN SABU
