USDINR case study
USD INR 80.88
ELLIOT WAVE STUDY
Time frame :- Daily
Completion :- corrective wave 4
Unfold :- impulse wave 5
RSI :- Hidden bearish divergence with respect to price
Counter is on verge to mature its corrective wave 4 ,which as per ascending parallel channel have demand zone around 80.45 to 80.00 levels
once corrective wave 4 is completed , impulse wave 5 might unfold which might lead to levels of 81.9---82.9--83.9
view remains valid till counter manage to sustain above 79.6 on closing basis.
Time for bulls to take charge.
ELLIOT WAVE STUDY
Time frame :- Daily
Completion :- corrective wave 4
Unfold :- impulse wave 5
RSI :- Hidden bearish divergence with respect to price
Counter is on verge to mature its corrective wave 4 ,which as per ascending parallel channel have demand zone around 80.45 to 80.00 levels
once corrective wave 4 is completed , impulse wave 5 might unfold which might lead to levels of 81.9---82.9--83.9
view remains valid till counter manage to sustain above 79.6 on closing basis.
Time for bulls to take charge.
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