Oct 17 2018

Trade idea for the day

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