See the Chart below . The whole wedge shown by RED lines was retraced to hit target in red circle. This time too , similar formation and whole blue wedge will be retraced to hit target area shown by red rectangle.
20130607012008.png)
Some upmove for stocks expected.
20130607012008.png)
Some upmove for stocks expected.
How does INR-$ move vis-a-vas Dollar Index ?
ReplyDeleteusuallyyou will expect the INR-$ pair to rise when the dollar falls and vice versa.....but it is a little more complexthan that ....sometimes lets assume that dollar index has fallen.....but the rupee has fllen more relatively may be due to economic cnditions....in that case though the dollar index has fallen ....the INR-$ has also gone below previous price levels....
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