Currency Grow (CA & SEBI Reg IA Omkar Bhutada) · 30th Mar
This one is completely different from the previous charts — and you need to treat it differently ⚠️
BSOFT
1. Strong Downtrend (Structure Broken)
Continuous lower highs + lower lows
No bullish structure at all
Every bounce = selling opportunity
👉 This is distribution, not accumulation
2. Range Breakdown (Very Important)
Previous range: ₹340 – ₹460
Price is now:
Breaking ₹340 support
Trying to sustain below it
👉 This is a range breakdown = bearish continuation
3. No EMA Support
Price is below key EMAs
EMAs likely sloping down
👉 Momentum = bearish
📉 What’s the Opportunity?
❌ For Buying (Avoid)
No confirmation
No strength
Catching bottom = risky
👉 This is not a buy setup
✅ For Selling (If you trade short side)
Trigger:
Sustained move below ₹330–335
👉 Then:
Targets:
₹300
₹270
₹240
💡 Your arrow towards downside is absolutely valid
⚠️ Trap Scenario (Important)
If price:
Reclaims ₹340 quickly
Moves back into range
👉 Then:
Short covering rally to ₹380–400 possible
📊 Smart Trading Plan
🔻 Short Setup
Entry: Below ₹330
SL: ₹350
Strategy: Ride trend