Nov 14 2018

Trade Idea for the day

USDINR– On the hourly chart, Breakout of inverted flag happened with a big gap down to 72.01. It’s a big fall from 72.6650 to 72.01 with a very good buying signal in stochastic as well. Immediate resistance level is at 72.30.

Our Preference– Buy above 72.10

Target- 72.30

Stop loss-72.00

JPYINR– In hourly chart, Bullish divergence can be seen in RSI. RSI is also in the oversold territory. Immediate resistance is at 0.63550 so it is a good time to take a position.

Our Preference– Buy above 0.63330

Target- 0.63550

Stop loss-0.63260