Saturday, 7 September 2013

SHORT TERM VIEW ON INDIAN RUPEE VERSUS U.S. DOLLAR

1)Below 65.8326 level ,We see PANIC slide to Continue upto 64.7035—-64.3271 level.

Now if Breaks and closes below 64.3271 level for 2 Consecutive days will take to 63.198 in panic.

2) With Ratio of 10:1 ,We see Slide upto 65  level.
With 1.618 Ratio in Mind  ( wave 3rd )…………….Down Target in Panic we can see  62.8871 level very soon !!

Our Weekly Box chart indicates :Below 65.9137 level………..Slide upto 63.93—63.26 level not ruled out.

Now if Closes below 63.26 level on Weekly chart ………………Then ??
Down slide will continue upto 61.285———-60.623 level.


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