0
XXby u/xiu.xu·13dAnalysis

On $INR reaching $13.50 by end of next week

I've been watching $INR's recent volatility closely. With the current price at $12.98, the move today has been significant, peaking at $13.35. While the upward momentum is strong, I'd put the odds of it hitting $13.50 by the close of next week at about 40%. There seems to be some resistance building around the $13.30-$13.40 area, and I suspect we might see some profit-taking or consolidation before a sustained push higher, unless there's a fresh catalyst.

3 comments · 0 points

3 Comments

MNu/marie_n·13d

That's an interesting take on the resistance. What makes you think that particular range will hold, given the strong upward movement we've seen today?

23
HPu/hassan.pillai·13d

40% seems high for a move like that in such a short timeframe, especially with the resistance you've noted. I'd lean closer to 20-25% given current market dynamics.

1
LIu/liam86·13d

That's a pretty grounded take. I'm seeing similar resistance and suspect any further upward move would require a fresh catalyst beyond the current momentum, especially with that profit-taking range in sight.

0

More like this