Ethereum-Indian Rupee (ETH/INR) short term view

By: Admin
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Insignia Consultants

                                                                                   New Delhi

Friday, October 22, 2021

TIME 11:45 AM IST                       

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ETHEREUM-INDIAN RUPEE (ETH/INR) SHORT TERM VIEW

 ETH/INR: (current price: Rs.3, 22, 052): Support: Rs.259,720, Rs.278,006 and Rs.294.118 Resistances: Rs.3412,245, Rs.375,643

14 Day View: ETH/INR can rise to Rs.364,809 as long as it trades over Rs.294,118. (a) Bearish trend will be there only if ETH/INR trades below Rs.294,118

30 Day View: ETH/INR can rise to Rs.397,033 as long as it trades over Rs.278,006. (a) Bearish trend will be there only if ETH/INR does not break Rs.364809.

View for the rest of the year: ETH/INR can rise to Rs.433,605 as long as it trades over Rs.259720. (a)  ETH/INR will be in e bearish trend only if there is a daily close below Rs.290,324 for seven consecutive trading sessions.

I expect wild two way price swings around the first week of November.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading. Prepared by Chintan Karnani Website www.insigniaconsultants.in   

Disclosure: Insignia consultants or it employees do not have any trading positions on the trading strategies mentioned above. Our clients do have positions on the trading strategies mentioned in the above report.

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

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PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

THE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

ALL PRICES/QUOTES IN THIS REPORT ARE IN US DOLLAR UNLESS OTHERWISE SPECIFED.

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