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Prashant_Chhabra

A Bearish case for USDINR

Short
U.S. Dollar / Indian Rupee (FX_IDC:USDINR)  
Prashant_Chhabra Updated   
FX_IDC:USDINR   U.S. Dollar / Indian Rupee
Trend Analysis Chart Patterns Technical Indicators USDINR DXY dollarindex niftytrend BANKNIFTY macro macroecomonics
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trendanalysis chartpattern indicator usdinr dxy dollarindex niftytrend banknifty macro macroecomonics
USDINR : A probable lower high in the India's Forex Reserves, indicating that RBI is offloading dollars. A case for move down in the USDINR, thus the appreciating local currency.

Foreign flows into India to strengthen further.

#Nifty #BankNifty #StockMarket
Trade closed manually:
Didn't work as thought. Market dynamics are changing and point to breakout on the upside.
Trade closed: stop reached:
Didn't work as thought. Market dynamics are changing and point to breakout on the upside.
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