CMP 65.39
Supports: 64.66, 63.29. Base support: 61.25/58.34
Resistances: 66.87, Big Resistance: 68.73.
As you can see in the chart, USDINR is moving within the channel and it is making 3 wave moves. So, I expect this up move to be completed as Ending Diagonal.
Note: USDINR reversed from 78.6% level of previous down move. But, I am still going with ED move to completed this up move as Wave 5.
So, As long as USDINR supported by 64.66/63.29, I expect to see [66.87] first and further: 67.39, 68.02, 68.51, [68.73], [70.12], [71.39] and more.
READ DISCLAIMER ALWAYS BEFORE TAKING TRADE DECSION. ALL THE BEST.
Supports: 64.66, 63.29. Base support: 61.25/58.34
Resistances: 66.87, Big Resistance: 68.73.
As you can see in the chart, USDINR is moving within the channel and it is making 3 wave moves. So, I expect this up move to be completed as Ending Diagonal.
Note: USDINR reversed from 78.6% level of previous down move. But, I am still going with ED move to completed this up move as Wave 5.
So, As long as USDINR supported by 64.66/63.29, I expect to see [66.87] first and further: 67.39, 68.02, 68.51, [68.73], [70.12], [71.39] and more.
READ DISCLAIMER ALWAYS BEFORE TAKING TRADE DECSION. ALL THE BEST.
