GBPINR: Ending Diagonal in making

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 GBPINR  5 hour chart


Analysis

From above chart, GBPINR continues to move in a higher highs and higher lows and has been consolidating above the falling channel. As far as prices are trading above the level of 00 the bias remains positive for the pair. RSI has also relieved from the overbought terrain and can move back up going ahead.

 As per wave theory, the pair is moving in 5th wave and can continue to move higher. I think that it will form an ending diagonal pattern which will make this pair move in a range of 102-103 levels and then the counter wave will start.

The summation is GBPINR has limited upside left which can make this pair move in a range of 102-103 levels.


Comments

Bishal jaiswal said…
Sir please usdinr analysis ...cant understand the view..thank you sir
30 March 2023 at 20:32
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