Friday, November 30, 2012

USD-INR LONG TERM TECHNICAL OUTLOOK


TRUE INFOTEC: USDINR Monthly chart suggest a variety of Price Channel Pattern since 15 Years onwards.

The recent development of prices is down-side price channel pattern within The Main Price Channel Pattern.

The development of price channel pattern time frame will be 18-24 months.




Recommendation:


TRUE INFOTEC: Sell USD-INR 55.20-54.70 

TGTS 50.50-49.00-47.00 SL 57.50, CMP 54.25


Note: A reversal of Price Channel Pattern will be happening only on monthly closing above 57.50 levels only




....to be continued

Regards 
Pradeep Karnani
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www.trueinfotec.in
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