The Indian rupee Tuesday rose to its highest level in more than a year against the U.S. dollar on hopes capital inflows will remain strong and as traders sold the greenback to gain from arbitrage with the offshore market.
After hitting high of 46.96 in NSE ,It closed at 47.03 level.
Do u know…What I had forecasted about USDINR ?
Just click here and see on 3rd August ..What I had written
My written targets were 46.88 & 46.72
Today it exactly kissed Neckline of Head & Shoulder in weekly chart.
-
Look the weekly chart.
More Details to my Subscribers.
Updated at 20:04/6th Oct/Baroda
Just watch very carefully formation of Head & Shoulder on Daily chart.
-Everybody will not be able to see.
-Neckline Support point $ 68
-Height of Head :$5
Weekly Box chart indicates ,Break and close below $ 66 level will take to 63-62 level very easily.
-Slowly & steadly it will slide and if u have patience then go short on Rise…No if & but.
More Details to our Subscribers.
Updated at 8:09/22nd Sept/Baroda
Oil prices jumped Friday to a new high for the year after Federal Reserve Chairman Ben Bernanke said that the U.S. economy is nearing a recovery and other economic data backed him up.
Benchmark crude for October delivery rose 98 cents to settle at $73.89. After Bernanke spoke at an annual Fed conference in Jackson Hole, Wyo., prices briefly neared $75.
Already closed above Neckline of Inverse Head and Shoulder.Now just have a eye on $74.50 level.Crossover above this level will take to $77.14 ,78.10 in hrs only.
Target from Inverse Head & Shoulder :$86.
Above $ 72 level….
will have upperhand.
Do u want to know MCX Levels ??Join me to get detailed analysis.
Updated at 18:08 /23rd August/Baroda
So enjoyed last week vertical fall or not ??Just see as expected NIFTY FUTURE was dancing on our tunes.
After Breaking Neckline of Head & Shoulder freefall started.
(Now every 2nd person on Street ,Media and Newspaper are talking about GAPS and H&S )
On Friday it was Bloodbath and if u refresh your memory or click this and it was boldly written any Rise should be considered as Dead Cat Bounce only.
Today ,What to expect ?
Any Rise ,Exit only….Remember this :Our Lower target are intact…3745-3615-3479
Today ,Below 4012..will favour Bears only.And watch freefall in NF to continue upto 3889–3848 level.
Hurdle for NF at 4052…if crosses with volumes then expect jump upto 4092-4124 (But these are dream levels )
RSI ,MACD ….Favouring Bears only.
21 Days over from 4703 & Bollinger Band (Daily )….Favouring BULLS.
To get more details join us !!
Any Rise should be considered as 
DEAD CAT BOUNCE only.
*Already Broken neckline of H&S ,It may spurt to kiss that line around 4180-4200 level….But our Mantra is Sell Sell sell only.
Today 3DEMA is at 4111 level ,So first it will have to cross this level with volumes and if crosses then watch Hurdle at 4145–4173 level.
Support exist at 4048 ,Break will take to 4033-4028 level.
Already writing from last 3 days :Two consecutive close or weekly close below 4023 will create Bloodbath in Market.
Updation Time :7:20 PM IST
BRAZIL -BOVESPA
Just see Head & Shoulder on Daily chart of Brazil-Bovespa chart !!
1)Height of Head :5050 point !!Once breaks Neckline it will crash upto 44080 level.
We expect huge panic in coming days ,Weekly chart and RSI favouring Bears only.
Just have a close eye ……!!!
Weekly Chart indicates :4159 & 4023 are crucial support levels.(Yes ,Big correction had already started and from Gap up opening after Election result till 4703 ..we had written many times it was a corrective rally only and Nifty Future will fill all the gaps in coming days or weeks to come )
Once closes below 4023 level for 3 consecutive days then watch freefall upto 3615-3479 level.
Thirsty Traders can see H&S formation.Yesterday it had closed below Neckline.Today again if closes below this neckline i.e around 4180 level then also consider big problem for Bulls.
Today ,will face Hurdle at 4211–4233.If not breaks yesterday’s low of 4121.
Major Hurdle :3& 7DEMA :4268–4306……Don’t even dream about these levels.
Below 4121 if trades with volumes then watch panic selling upto 4073–4053 in panic.
Any Rise ,Any Revival …Just exit and go short !!Students of Technical Analysis can see Weekly RSI…….and think why to play Teji in mkt ???
