Feb 28 2019

Trade idea of the day

USDINR– In the hourly chart, pair is likely to move downside for intraday target. Stochastic slow already given bearish crossover signal. Relative Strength Index of 14 day is at 42 (Downtrend territory).

Our Preference– Sell at 71.18

Target– 70.98

Stop loss– 71.28

GBPINR– The chart indicates that price of pair might go upside. Momentum indicators indicating short term bullishness- Stochastic is at 31(ready to give bullish crossover signal) and RSI is in uptrend zone.

Our Preference– Buy at 94.60

Target– 94.90

Stop loss– 94.45