USDINR: A falling wedge is formed on the hourly chart of USDINR, at present the pair turned back from the support zone of that Wedge. RSI (14 period) is showing us a Positive divergence.
Our Preference: – Buy at 73.50-52
Target – 73.70-75
Stop loss – 73.35.
EURINR: The pair has formed a double bottom price reversal pattern on hourly chart. slow stochastic has given a bullish crossover signal at oversold zone. Studies are suggesting a intraday gain.
Our Preference: – Buy at 84.93
Target – 85.27
Stop loss –84.77