IndiaCharts

IndiaCharts: Cross rates are sometimes difficult as one moves and the other does not. In this case the GBP is falling but the INR is taking its own time. So the GBPINR is still falling. So went wrong on this and have changed the wave count to allow for wave 5 of C down as one more leg before a larger A-B-C down complete. Not putting levels to it as wave 3 is shorter than 1 and so wave 5 could also be shorter and might not reach the lower channel line. But there is downside risk still with 89.20 as the key resistance near term.